Homes for sale - 330 Willie James Jones Ave, San Diego, CA 92102

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Chris Jones

chris@jonesrealtygroupsd.com +1(619) 405-9847

$ 1,160,000

Est. payment | -/mo

10,471 Sqft Lot

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$ 1,160,000

Est. payment | -/mo

Save Video Tour

10,471 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 250024255SD

HOA Y/N No

Year Built 1940

Lot Size 10,471 Sqft

Property Description

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. The property is constructed with a wood frame and stucco, offering seven parking spaces. It is zoned RM-3-7, allowing for residential multi-unit development and inclusion in the Complete Communities Tier 3 program, which supports potential future redevelopment. The site is part of a sustainable development area and is located in an Opportunity Zone, providing potential tax benefits. Additionally, the property has been upgraded over the years to enhance its appeal and functionality.

Location

State CA

County San Diego

Area 92102 - San Diego

Building/Complex Name WJJ

Zoning RM-4 CCHS3

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Gas Water Heater

Exterior

Pool None

View Y/N Yes

Roof Type Concrete

Private Pool No

Building

Lot Description Drip Irrigation/Bubblers, Sprinkler System

Story Multi/Split

Entry Level Multi/Split

Level or Stories Multi/Split

Others

Senior Community No

Tax ID 5481302500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Alexander Ciullo • Pacific Sotheby's Int'l Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 405-9847

chris@jonesrealtygroupsd.com

San Diego, USA

330 Willie James Jones Ave San Diego, CA 92102