2224 W Jewett Street
San Diego, CA 92111
#250024536SD
Description
Located in the heart of San Diego’s Linda Vista neighborhood, 2224-26 W Jewett Street presents a prime redevelopment opportunity with solid income potential and significant future upside. Priced at $1,900,000, this ±10,688 SF lot (APN: 431-343-10-00) is zoned RM-3-7, allowing for multifamily residential development in one of the city’s most desirable high-opportunity areas. With a price of $177.77 per lot square foot, this site offers an exceptional value for investors or developers looking to capitalize on San Diego’s increasing housing demand. The property currently includes two 1-bedroom, 1-bath units, totaling approximately 1,248 square feet of rentable space. These units are generating a combined monthly income of $3,500, offering income while entitlements or redevelopment plans are pursued. Situated within the Complete Communities Housing Solutions Tier 4, the parcel benefits from a generous FAR of 4.0x, dramatically increasing the buildable area to over 42,700 SF. It also falls within the Sustainable Development Area (SDA) and Transit Priority Area (TPA) overlays, further enhancing development flexibility and potential density bonuses. The base zoning allows for 1 dwelling unit per 1,000 SF, with up to 10+ units possible by-right, and more with incentives or bonuses. It has favorable zoning, strong rental fundamentals, and a location in a High Resource CTCAC/HCD Area.
Property Details
- SubdivisionLinda Vista
- MLS #250024536SD
- MLS #250024536SD
- Original List Price$1,900,000
- CountySan Diego
- Property TypePurchase
- Cost1900000
- Lot DescriptionLevel
- Property SubtypeLand
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Aaron Bove (#SAND-639833)
Listing Office: Marcus & Millichap (#SAND-62951)
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