6 Unit Potential in Banker's Hill

Description:

Multifamily redevelopment site with dilapidated stucture located at the top of the lot and stairs to access it from the street below. All utilities are run to the site. Site is of split zoning where the top half of the lot is zoned RM 2-5 (1 du per 1,500 sf) and the lower portion is zoned OR 1-1 (1 per lot).  Seller has gone through Preliminary Review and development analysis is available upon request, however, Buyer shall conduct their own investigations with the City.  The unimproved City street formerly dedicated as Union Street sits at the base of the lot and creates immediate access to the public right of ways. Site is designated as Complete Communities and with it's location within a Transit Priority Area, no new parking is required.


Site is located in the high demand rental market of Uptown bordering Mission Hills, Bankers Hill, and Middletown.  The Reynard Way corridor is comprised of single and multifamily properties and creates a connection from Washington Street through to downtown San Diego, which is only minutes away by car or public transportation. The site is situated within a mile from the San Diego Airport as well as Balboa Park, the San Diego Zoo, Naval Medical Center, Little Italy, Waterfront Park, the Embarcadero and many more notable attractions. This centrally located property also allows immediate access to I-5 as well as the 163 and 94 Freeways.

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