San Diego, CA 92102

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  • MLS# 200049510
  • 10/22/2020
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Presented By: Keller Williams La Jolla

Home Details

This fully entitled 38 Unit development opportunity is in the heart of Mt. Hope. The flat development site sits high above interstate 15 which runs north and south throughout San Diego County. This opportunity has easy access off interstate 15 with tremendous visibility from the freeway giving the future developer great advertising space. Enjoy views of downtown San Diego and the Coronado bridge from the future third story of the future development with access to 3 major freeways within 5 minutes. See Sup The current approved plans are to build twenty (20) detached homes with each home having its own one (1) bedroom apartment on the first level. Of the Twenty (20) homes that can be built on the site, two (2) units must be ‘very low income’ affordable units. Forty (40) parking spaces are proposed on grade. This development is located within a designated Opportunity Zone which allows the purchaser to defer the taxes due on their initial gain until 12/31/2026 and earn investment income along the way. If the development is held for ten years, the owner avoids paying tax on capital gains earned on your investment - FOR LIFE!
Presented By: Keller Williams La Jolla

General for

CFD/Mello-Roos Fee0.0
CommunitySAN DIEGO
HOA Fee$0.0
Highest Best UseMulti-Dwelling, Other/Remarks, Residential
NeighborhoodMount Hope
Other Fees0.0
Price Per Sq Ft2134831.46
Sale/RentFor Sale
Senior Community Y/NYes
TopographyLevel, Rolling

Exterior for

Lot Size Area.5 to 1 AC

Additional Details

Price History

Joseph Arendsen

Price $1,900,000
List Date 10/22/2020
Property Type Land
Phone 760.672.0174
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