3830 1St AveSan Diego, CA 92103

This exceptional 0.14-acre commercial land parcel in San Diego's coveted Hillcrest neighborhood presents a unique development opportunity. Priced at $2,600,000 ($412.18/sq ft), the 6,308 square foot lot (APN 452-043-12-00) is permit-ready for a 56-unit apartment complex. Plans include 16 studios averaging 380 sq ft and 40 one-bedroom/one-bathroom units ranging from 570 to 715 sq ft, totaling 37,975 sq ft (32,215 net rentable). Units will feature contemporary finishes, 9-foot ceilings, quartz countertops, full appliance packages, HVAC, and built-in storage. The property boasts a Walk Score of 97 ("Walker's Paradise"), offering unparalleled walkability to restaurants, shops, and entertainment on University and Robinson Avenues. Its proximity to Balboa Park, CA-163, Interstate 5, and major employment centers in Downtown, Mission Valley, and Kearny Mesa ensures high occupancy rates. This project offers a strong investment opportunity in a high-demand San Diego submarket, with market-rate units exempt from AB1482 rent control for 15 years. The site's prime location and innovative design promise significant rental premiums for years to come.