0 Mount Albertine AveSan Diego, CA 92111
- Residential income properties
- 3.05 AC
Property Details for 0 Mount Albertine Ave
- Lot size
- 3.05 AC
- Property type
- Residential income properties
- Property subtype
- Other land
Description
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.
Location Insight
- City
- San Diego
- County
- San Diego
- State
- California
- Latitude
- 32.8131
- Longitude
- -117.174
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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