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Key Details
Sold Price $1,140,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $1,140
MLS Listing ID PTP2305954
Sold Date 03/01/24
Style Detached
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1940
Lot Size 5,367 Sqft
Acres 0.1232
Property Description
This is a development site currently single family house on a approximately 5100 square foot lot HISTORICAL CLEARANCE TO TEAR DOWN ALREADY SIGNED OFF by the city. The House is dilapidated tear down NOT A FLIP. Value is in the Land to build out develop units or build ADU many options. The zoning is RM-3-7 there are a lot of recent changes to density bonuses for development in this location, including but not limited to complete communities or low income bonus which may change height restrictions to over 30 feet which makes this A huge opportunity for additional units. Currently 7 units being built on smaller lot right up the street on Keats. This location WITH LOW INCOME OR COMPLETE COMMUNITIES DENSITY BONUS MAY BE ABLE TO BUILD UP OVER 30 FEET.
This is a development site currently single family house on a approximately 5100 square foot lot HISTORICAL CLEARANCE TO TEAR DOWN ALREADY SIGNED OFF by the city. The House is dilapidated tear down NOT A FLIP. Value is in the Land to build out develop units or build ADU many options. The zoning is RM-3-7 there are a lot of recent changes to density bonuses for development in this location, including but not limited to complete communities or low income bonus which may change height restrictions to over 30 feet which makes this A huge opportunity for additional units. Currently 7 units being built on smaller lot right up the street on Keats. This location WITH LOW INCOME OR COMPLETE COMMUNITIES DENSITY BONUS MAY BE ABLE TO BUILD UP OVER 30 FEET.
Location
State CA
County San Diego
Area Point Loma (92106)
Zoning RM-3-7 bui
Interior
Fireplaces Type Other/Remarks
Laundry Other/Remarks
Exterior
View Other/Remarks
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Other/Remarks
Level or Stories Split Level
Schools
Elementary Schools San Diego Unified School District
Middle Schools San Diego Unified School District
High Schools San Diego Unified School District
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Brian Lee • T.N.G. Real Estate Consultants