CITY APPROVED PLANS!!! Rare development opportunity in San Diego's 92102 — with a rare financing edge. This 3BR/2BA, 1,313 sqft home sits on a 5,129 sqft lot and carries an assumable FHA loan at just 2.75%, a major advantage in today's rate environment. The real value: city-approved plans to build 4 units totaling 3,839 sqft (10 bedrooms, 8 bathrooms). The slowest, riskiest, most expensive phase of any project — securing city approval — is already behind you, giving builders and investors a clear head start toward execution and after-repair value. Hold or rent the existing home while you plan, or move straight to construction. Ideal for developers, investors, and value-add buyers seeking scale in a supply-constrained market. Buyer to independently verify all plans, permits, and development rights with the City. Assumption subject to lender approval and buyer qualification.
Bedrooms
3
Bathrooms
2
Square Feet
1,313
Lot Size
5,129 sqft
Year Built
1955
Property Type
Single Family Residence
Days on Market
1
HOA Fee
N/A
Garage Total
8
MLS #
260018219SD
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Laundry
Outside, See Remarks
Cooling
See Remarks
Heating
Electric, Natural Gas
Total Parking Spaces
16
Garage Spaces
8
Open Parking Spaces
8
Parking Features
Driveway, Other
Construction
Stucco
Roof
Flat
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features