Property Detail
Description
STRATEGIC 8-UNIT MULTIFAMILY OPPORTUNITY (SDA/TPA). Prime development portfolio consisting of two separate legal parcels (APN 547-440-36-00 & 547-440-37-00) totaling 11,182 sq. ft.. Situated in a certified Sustainable Development Area (SDA) and Transit Priority Area (TPA), this site qualifies for the ADU Home Density Bonus Program, allowing for a high-density yield of 8 units (1 primary + 3 ADUs per lot). Maintaining two separate lots bypasses the 6-unit cap typically found on single parcels over 10,000 sq. ft.. Topography is flat with a favorable Geologic Category 52 (Low Risk). This is a high-yield urban infill asset with an estimated gross monthly income of $21,500 at 100% occupancy. Existing house is in good condition and will make a great ongoing rental. Buyer to verify zoning, all city density programs and development potential.
Map Location
Listing provided courtesy of Joe Gummerson of Joseph Gummerson Broker. Last updated 2026-01-22 09:41:56.000000. Listing information © 2026 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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