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Additional details
Listed by Eric von Bluecher • Lee & Associates
$950,000
Est. payment /mo
1,592 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,592 sqft
Price per Sqft $596
MLS Listing ID CRNDP2504610
HOA Y/N No
Year Built 1950
Lot Size 0.330 Acres
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
Incredible Development Opportunity Near Downtown San Diego Presenting 235–237 S Willie James Jones Ave—a prime development site located in the rapidly evolving neighborhood of Logan Heights, just minutes from Downtown San Diego. Set on a ±14,367 SF lot zoned RM-2-5, this property offers exceptional potential with up to 9 units allowed by right, and significant density bonuses available through the Complete Communities Tier 3 program. The site currently includes a well-maintained duplex with two 2BR/1BA units, generating $3,425/month in gross rental income—providing valuable cash flow during the planning or entitlement phase. Located within a Transit Priority Area (TPA), Sustainable Development Area (SDA), and Qualified Opportunity Zone, the property benefits from development incentives such as reduced parking requirements, expedited permitting, and potential tax advantages. Surrounding the property are major redevelopment efforts, including the planned 80-unit Southwest Village by Related Companies and several new multifamily projects, further enhancing long-term value. Highlights: ±14,367 SF lot (RM-2-5 zoning) Two existing income-producing units Potential for up to ±91,000 SF under Tier 3 Complete Communities (FAR up to 6.5×) Transit- and incentive-rich location (TPA,
Location
State CA
County San Diego
Interior
Fireplace No
Laundry Common Area
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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Vicky Van Brocklin
Broker | License ID: 01512910
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