For Sale
$3,850,000

0 Mount Albertine AveSan Diego, CA 92111

Prime San Diego land, 13 lots, ready to build.

Overview

Added:
Dec 11, 2024
Days on market:
113
This 3.05-acre San Diego County property (APN 420-480-07-00 & 420-480-06-00), zoned RS-1-7, offers a unique opportunity to develop 13 single-family residential lots. Currently awaiting final environmental review comments, the anticipated timeline for approvals is approximately 9 months, including a 30-60 day circulation period for the environmental report, followed by planning commission and City Council consideration. A concurrent processing agreement with the Development Services Department (DSD) is in place, allowing for simultaneous submission of elevations and construction drawings for the street and all 13 homes, streamlining coordination with SDG&E and the water company. This proactive approach aims for groundbreaking by January 2025. The property is offered fee simple and is suitable for a 1031 exchange. Located in a high-resource area on Mt Albertine Ave, San Diego, CA 92111, this offering presents a compelling investment prospect for developers seeking a prime residential development opportunity in a desirable San Diego location. The asking price is $3,850,000.

Highlights

  • 3.05-acre San Diego County development site (APN 420-480-07-00 & 420-480-06-00), zoned RS-1-7.
  • Potential for 13 single-family residential lots.
  • Project timeline anticipates approvals within 9 months, targeting groundbreaking by January 2025.
  • Concurrent processing agreement in place to expedite approvals.
  • Fee simple ownership, 1031 exchange eligible.
  • Located on Mt. Albertine Ave, San Diego, CA 92111.

Property Details for 0 Mount Albertine Ave

Property type
Land
Lot Size (sq. ft)
132,858 SF

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.813086986021
Longitude
-117.17423351228
Mount Albertine Ave, San Diego, California

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0 Mount Albertine Ave
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