4130 32 Vista Grande Drive, San Diego, CA 92115
- $995,000
- 2
- BD
- 1
- BA
- 806
- SqFt
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- NDP2608807
- Year Built
- 1951
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 806
- Lot Size
- 7,700
- Acres
- 0.18
- Lot Location
- Value In Land
- Days on Market
- 0
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program. With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns.
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- School District
- San Diego Unified
- Interior Features
- Bedroom on Main Level
- Attached Structure
- Detached
Listing courtesy of Listing Agent: TJ Kirchoff (tj@TheRuhlTeam.com) from Listing Office: LPT Realty.
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