$1,299,000
Value-add opportunity in the heart of Morena. This 5,000 SF lot zoned RM-3-7 supports increased residential density by right, making it an ideal acquisition for a developer or investor with a multifamily vision. The property consists of (2) units — (1) 1bed/1bath and (1) 2bed/2bath — currently tenant-occupied with in-place cash flow while you plan or entitle. A private driveway provides ample off-street parking for both units. Steps from USD, minutes to Mission Bay, Old Town, Fashion Valley, and SAN Airport. Morena Boulevard's restaurants, coffee shops, and breweries are right around the corner — the kind of walkable, amenity-rich neighborhood that tenants don't leave. All zoning and development potential to be verified by buyer.
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Listed by Daniel Sipher with Landmark Multifamily and Development (408) 368-5225
Property Type
Residential Income
Status
Active
MLS Number
260007634SD
Year Built
1947