Description
Property could be upgraded via ADU or could be scrapped and developed completely. Complete Community Development opportunity in Mission Hills to potentially build 70 units. Today there are three two-bedroom units and four garages on an 8,756 SF lot. The extended family owns the property and all units are family occupied. Family will vacate by close of escrow or would be willing to stay and pay market rents. San Diego's premier urban economists London Moeder have analyzed the site for development potential. FAR might allow as many as 70 units. They suggest that 21 units would be practical. Their moderate analysis is based only on one story parking and three stories of wood frame, 21 units over 11 parking spaces. The residual land value is estimated at $3,100,000. WE STRONGLY ENCOURAGE ALL AGENTS TO DOWNLOAD & READ the attached Development OM for the London Moeder analysis report BEFORE CALLING. Exterior: Wood/Stucco Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Number of Furnished Units: 0
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Property could be upgraded via ADU or could be scrapped and developed completely. Complete Community Development opportunity in Mission Hills to potentially build 70 units. Today there are three two-bedroom units and four garages on an 8,756 SF lot. The extended family owns the property and all units are family occupied. Family will vacate by close of escrow or would be willing to stay and pay market rents. San Diego's premier urban economists London Moeder have analyzed the site for development potential. FAR might allow as many as 70 units. They suggest that 21 units would be practical. Their moderate analysis is based only on one story parking and three stories of wood frame, 21 units over 11 parking spaces. The residual land value is estimated at $3,100,000. WE STRONGLY ENCOURAGE ALL AGENTS TO DOWNLOAD & READ the attached Development OM for the London Moeder analysis report BEFORE CALLING. Exterior: Wood/Stucco Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Number of Furnished Units: 0
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-15T00:26:16.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.