Investment Overview

We are pleased to present 3967-89 8th Avenue, an exceptional development opportunity located in the heart of San Diego. Situated on a 17,167 SF lot with dimensions of 143’ x 120’, this property combines existing cash flow with incredible development potential. The site currently features a 16-unit apartment complex generating $337,644 of gross income annually, providing investors with a unique opportunity to secure income while pursuing redevelopment. The property is zoned CC-3-10, a versatile zoning designation allowing for a variety of residential, commercial, and mixed-use development options. Further enhancing its potential, the site is located within the Complete Communities Housing Solutions (CCHS) Tier 2 overlay, granting a Floor Area Ratio (FAR) of up to 8.0x. This high-density designation makes the property ideal for large-scale projects catering to San Diego’s ever-growing housing demand. Positioned in a Walker’s Paradise (Walk Score: 95), 3967-89 8th Avenue offers unbeatable accessibility to shopping, dining, and entertainment options. The central location ensures a strong tenant pool for the existing units and makes future developments highly desirable. The 0.39-acre parcel is a blank canvas for developers and investors to capitalize on San Diego’s dynamic urban market.