Bankers Hill Development Site

2694 Reynard Way, San Diego, CA

$550,000

Price

5,375 acres

Lot Area

 
Overview
Lot Area
5,375 acres
Description

Downtown views from this 812 sf home built in 1913 with multifamily redevelopment potential. The existing structure is located at the top of the lot with stairs to access it from the street below, although both are in a state of disrepair. (See photo for front depiction) 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). Considering changes in ADU laws per AB-68, the project can potentially yield 3 base units with 3 additional units as ADU/JADU. Development analysis 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. There is a 40 foot height allowance and the site is located within a Transit Priority Area, thus requiring minimal to no new parking requirements.


Location