Investment Overview

Marcus & Millichap is pleased to present for sale an 18,000 SF vacant lot in San Diego, CA. This lot is zoned RM 2-5 and allows for 12 units with a base density of 1 dwelling unit for each 1,500 square feet of lot area. With a 100% micro unit density bonus a developer could build 24 units. If 100% pre-density bonus affordable, the density is unlimited up to 7 stories. Located in the Complete Communities zone, this lot allows for unlimited density with 6.5 floor area ratio (FAR). The Complete Communities zone incentivizes developers to build affordable housing near high-frequency transit. The focus is intended to create a variety of housing options for those at low and middle-income levels. Situated in a qualified Opportunity Zone, this lot may offer tax benefits to investors. 1325 S 45th St is located in the Transit Priority Area and has zero parking requirements.