3749-63 4th Ave - Premier High Density Multifamily Site 0.31 Acres of Residential Land Offered at $5,547,750 CAD in San Diego, CA 92103
INVESTMENT HIGHLIGHTS
- IDEAL MULTIFAMILY DEVELOPMENT OPPORTUNITY, ZONED CC-3-10 (HIGH DENSITY RESIDENTIAL - 1DU/200SF) & COMPLETE COMMUNITIES TIER 2 WITH FAR OF 8
- Walking distance from top ranked restaurants, eclectic shops, trendy cafes, schools, parks, and entertainment
- Existing improvements provide revenue during the entitlement process - *All tenants are month-to-month
- Expansive 13,499 SF Lot ideal for new high density multifamily development
- Proximity to Balboa Park, Little Italy, Downtown San Diego, and Mission Valley
- Major employment hub with convenient access to Highway 163, Interstates 5 and 8
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale a potential
high-density multifamily development site at
3749-3763 4th Avenue in Hillcrest, the premier
infill urban community of central San Diego.
The site is a flat expansive 13,499 SF usable lot
ideal for new development. The zoning is CC-
3-10 (High Density Residential) which allows for 1 Dwelling Unit for every 200 SF of lot. The property is also located in
Complete Communities Tier 2 with an FAR of 8.
The site currently features a 12-unit residential
community built in 1923. The unit mix consists
of 8 spacious one-bedroom cottages and
4 two-bedroom townhouses. The existing
improvements are ideal for providing income
during the entitlement process. All tenants are
currently month-to-month.
Hillcrest is one of San Diego’s most sought-after housing
markets offering a vibrant urban lifestyle while still
maintaining a sense of tranquility. A favorite among young
professionals and families, the property is steps from some
of the county’s best restaurants, trendy café’s, parks, eclectic
shops, schools, and entertainment. The area is thriving with
new construction which blends with newly renovated historic
buildings, offering both historic charm and contemporary
urban living. The community features convenient access to
neighboring Balboa Park, Little Italy, Old Town, Downtown
and Mission Valley, along with interstates 5, 8, and Highway
163. Hillcrest is ideal for multifamily development.
high-density multifamily development site at
3749-3763 4th Avenue in Hillcrest, the premier
infill urban community of central San Diego.
The site is a flat expansive 13,499 SF usable lot
ideal for new development. The zoning is CC-
3-10 (High Density Residential) which allows for 1 Dwelling Unit for every 200 SF of lot. The property is also located in
Complete Communities Tier 2 with an FAR of 8.
The site currently features a 12-unit residential
community built in 1923. The unit mix consists
of 8 spacious one-bedroom cottages and
4 two-bedroom townhouses. The existing
improvements are ideal for providing income
during the entitlement process. All tenants are
currently month-to-month.
Hillcrest is one of San Diego’s most sought-after housing
markets offering a vibrant urban lifestyle while still
maintaining a sense of tranquility. A favorite among young
professionals and families, the property is steps from some
of the county’s best restaurants, trendy café’s, parks, eclectic
shops, schools, and entertainment. The area is thriving with
new construction which blends with newly renovated historic
buildings, offering both historic charm and contemporary
urban living. The community features convenient access to
neighboring Balboa Park, Little Italy, Old Town, Downtown
and Mission Valley, along with interstates 5, 8, and Highway
163. Hillcrest is ideal for multifamily development.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $5,547,750 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.31 AC |
1 LOT AVAILABLE
Lot
| Price | $5,547,750 CAD |
| Price Per AC | $17,902,089.28 CAD |
| Lot Size | 0.31 AC |
Premier high-density multifamily site. Expansive flat usable 13,499 SF lot with 12 existing units, ideal for new development. Zoned CC-3-10 (High Density Residential) which allows for 1Unit/200SF of Lot. Complete Communities Tier 2 w/ of FAR of 8.
1 of 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (74)
ZONING
| Zoning Code | CC-3-10 (High Density Residential - 1DU/200SF Also, Complete Communities Tier 2 with FAR 8) |
