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.
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