330 Willie James Jones Ave - Apartments FOR SALE


San Diego, CA 92102
$1,160,000 USD
619-944-1876
330 Willie James Jones Ave, San Diego, CA for Sale
$1,160,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

330 Willie James Jones Ave
San Diego, CA 92102


HIGHLIGHTS

  • Cul-de-Sac Location
  • Near Linclon High School
  • Near I-805 and SR-94 Freeways
  • In Complete Communities, Oportunity,m and Sustainable Zones

OVERVIEW

Located in the heart of Lincoln Park, this versatile duplex offers significant development potential just minutes from downtown San Diego and major highways. The property features a 5-bedroom, 3-bathroom unit and a separate 1-bedroom, 1.5-bathroom apartment, providing immediate rental income and tenant flexibility. Zoned for up to 65 buildable units and included in the Complete Communities Tier 3 program, this lot presents a rare opportunity for investors to capitalize on San Diego's growing housing demand. This ±10,471 SF development site in Lincoln Park offers a prime investment opportunity with a current income of $3,850 per month from an existing duplex while being ideally positioned for substantial future growth. Zoned RM-3-7 and included in the Complete Communities Tier 3 program with a 6.5x FAR, the property allows for up to 65 buildable units totaling 68,061 SF. Lot dimensions are 71’ x 150’ with efficient setbacks of 10' (front) and 5' (rear), and a height limit of 40 ft or up to 7 stories. Located within an Opportunity Zone, it offers tax benefits and is designated in a “Sustainable Development Area,” making it attractive for high-density, eco-friendly projects. With easy access to I-805 and SR-94 and a current CAP rate of 2.79%, this site stands out as a compelling investment in a rapidly evolving neighborhood.

FOR SALE DETAILS

PRICE

$1,160,000 USD

PRICE/SF

$461 USD /SF

# OF UNITS

2

PRICE/UNIT

$580,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ADU Value Add or 65 Unit Re-Development

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RM-3-7, CCHS Tier 3

APN/PARCEL ID

548-130-25-00

ASK ABOUT THIS PROPERTY

Alexander CiulloPacific Sotheby's International RealtyMore Info
619-944-1876

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Alexander CiulloPacific Sotheby's International RealtyMore Info
619-944-1876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.