3967-77 8th Avenue, San Diego, CA 92103

Lot Size:

±13,195 SF

Status:

Active

Submarket:

Central

Property Type:

Apartments, Land

Strategy:

Value Add

List Price:

$4,600,000

Zoning:

CC-3-10

Zoning Overlay:

CCHS Tier 2: 8.0x FAR

Density:

1/200 SF

APN:

444-690-03-00

444-690-04-00

444-690-05-00

 

The Bove Group is pleased to present 3967-73 8th Avenue, an ex-ceptional development opportunity located in the heart of San Diego. Situated on a 13,195 SF lot with dimensions of 110’ x 120’, this property combines existing cash flow with incredible devel-opment potential. The site currently features an 8-unit apartment complex generating $214,884 of gross income annually, provid-ing investors with a unique opportunity to secure income while pursuing redevelopment.

The property is zoned CC-3-10, a versatile zoning designation al-lowing for a variety of residential, commercial, and mixed-use development options. Further enhancing its potential, the site is located within the Complete Communities Housing Solutions (CCHS) Tier 2 overlay, granting a Floor Area Ratio (FAR) of up to 8.0x. This high-density designation makes the property ideal for large-scale projects catering to San Diego’s ever-growing hous-ing demand.

Listed By:

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Aaron Bove
Senior Managing Director, Investments
aaron@marcusmillichap.com
(858) 945-7094

Casper Rooney
Investment Advisor
Casper.Rooney@marcusmillichap.com

(661) 607-3753