Multi-Family

3246 Imperial Ave

3246 Imperial Ave, San Diego, CA 92102

Listing Price: $685,000

Lot Size
0.34 acres
Price/Acre
$2,014,760
Land Type
Redevelopment

Investment Overview

3246 Imperial Ave is a 14,639 Sq Ft (.34 Acre) lot that is currently being used by the Long Term Owner for Storage. Available is a roughly 6,500 Sq Ft Metal Structure with Roll Up Doors. The Property is Fenced in around the entire Property Line. In addition there is a Billboard on site that generates a small amount of income. The Billboard has been on the site for 10+ years and is currently on a Month to Month Lease with the Tenant being Responsible for Removing the Structure.
According to the City of San Diego Planning Department the Property recently had a zoning change that would allow for a Redevelopment into up to 10 Apartment Units. The Property that sits 2 Parcels away was recently redeveloped into 6 Apartment units with improvements totaling roughly 9,454 Square Feet. The units were built as 1,575 square foot 3BR/2.5 Bath with a projected rental income of $2,950/month. The total lot square footage for this new apartment development was 9,454 sq foot. This is 5,185 square feet smaller than the total square footage of 3246 Imperial Ave.
The Property is being offered at a very attractive land cost of $46/ Square Feet. Assuming 10 Units can be Built on site it is being offered for sale at $68,500/unit.

Investment Highlights

  • RM 2-5 Zoning (Medium Density)
  • 1 Dwelling Unit/ 1,500 Sq Ft of Lot
  • Potential to Build 10 Apartment Units
  • Rapidly Improving Zoning for Multi-Family
  • Income from Billboard (month to Month Lease)
  • Brand New 6 Unit Apartment just Completed 2 Parcels East

Exclusively Listed By

Listing Price: $685,000

Lot Size
0.34 acres
Price/Acre
$2,014,760
Land Type
Redevelopment

Investment Highlights

  • RM 2-5 Zoning (Medium Density)
  • 1 Dwelling Unit/ 1,500 Sq Ft of Lot
  • Potential to Build 10 Apartment Units
  • Rapidly Improving Zoning for Multi-Family
  • Income from Billboard (month to Month Lease)
  • Brand New 6 Unit Apartment just Completed 2 Parcels East

Investment Overview

3246 Imperial Ave is a 14,639 Sq Ft (.34 Acre) lot that is currently being used by the Long Term Owner for Storage. Available is a roughly 6,500 Sq Ft Metal Structure with Roll Up Doors. The Property is Fenced in around the entire Property Line. In addition there is a Billboard on site that generates a small amount of income. The Billboard has been on the site for 10+ years and is currently on a Month to Month Lease with the Tenant being Responsible for Removing the Structure.
According to the City of San Diego Planning Department the Property recently had a zoning change that would allow for a Redevelopment into up to 10 Apartment Units. The Property that sits 2 Parcels away was recently redeveloped into 6 Apartment units with improvements totaling roughly 9,454 Square Feet. The units were built as 1,575 square foot 3BR/2.5 Bath with a projected rental income of $2,950/month. The total lot square footage for this new apartment development was 9,454 sq foot. This is 5,185 square feet smaller than the total square footage of 3246 Imperial Ave.
The Property is being offered at a very attractive land cost of $46/ Square Feet. Assuming 10 Units can be Built on site it is being offered for sale at $68,500/unit.

Exclusively Listed By

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