Listing by: Aaron Abrams, eXp Realty of Southern California, Inc.
3 Beds
1 Bath
809 SqFt
Pending
Discover a rare development opportunity at 3057 Walton Place in the vibrant University Heights/North Park neighborhood! Zoned RM-3-9, this property is primed for high-density residential redevelopment in a Sustainable Transit Priority Area (TPA) under San Diego’s Infill Programs. This designation not only reduces parking requirements but also offers incentives for projects close to transit, making it ideal for eco-conscious urban development. LOT size: 3,072sft Approved for up to 9 units, this property qualifies for San Diego’s Density Bonus Program, offering additional unit allowances and affordability incentives. With a mix of market-rate and affordable units, you can create a community-oriented property that aligns with city housing initiatives while maximizing potential income. Development options include a balanced 7-unit layout or an optimized 9-unit configuration for enhanced space utilization and livability. Recent feasibility studies, geotechnical reports, and a cleared historic review make this site ready for streamlined permitting and fast-tracked approvals. Ideal for forward-thinking investors, this project combines urban living with sustainable design, contributing to San Diego’s goals for walkable, transit-friendly neighborhoods. This is more than just a property—it's an investment in San Diego’s future.
Property Details | ||
---|---|---|
Price | $695,000 | |
Bedrooms | 3 | |
Full Baths | 1 | |
Half Baths | 0 | |
Total Baths | 1 | |
Lot Size Area | 3070 | |
Lot Size Area Units | Square Feet | |
Acres | 0.0705 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 1 | |
Year Built | 2015 | |
Subdivision | University Heights | |
Roof | Wood | |
Heating | See Remarks,None | |
Laundry Features | Electric Dryer Hookup,Gas Dryer Hookup,Gas & Electric Dryer Hookup,Inside | |
Pool features | None | |
Parking Description | Carport,Tandem Garage,Driveway,Concrete,Other | |
Parking Spaces | 3 | |
Garage spaces | 0 | |
Geographic Data | ||
Directions | Cross Street: Walton Pl and Ohio St. | |
County | San Diego | |
Latitude | 32.75973697 | |
Longitude | -117.12865466 | |
Market Area | 92116 - Normal Heights | |
Address Information | ||
Address | 3057 Walton Pl, San Diego, CA 92116 | |
Postal Code | 92116 | |
City | San Diego | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | eXp Realty of Southern California, Inc. | |
Listing Agent | Aaron Abrams | |
Virtual Tour URL | https://www.propertypanorama.com/instaview/snd/240025661 | |
MLS Information | ||
Days on market | 8 | |
MLS Status | Pending | |
Listing Date | Oct 30, 2024 | |
Listing Last Modified | Nov 8, 2024 | |
Tax ID | 4460511400 | |
MLS Area | 92116 - Normal Heights | |
MLS # | 240025661SD |
This information is believed to be accurate, but without any warranty.