$580,000
$695,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
809 SqFt
SOLD DATE : 12/04/2024
Key Details
Sold Price $580,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 809 sqft
Price per Sqft $716
Subdivision University Heights
MLS Listing ID 240025661SD
Sold Date 12/04/24
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 2015
Lot Size 3,070 Sqft
Property Description
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.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Interior
Interior Features See Remarks
Heating None, See Remarks
Cooling None
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Concrete, Carport, Driveway, Garage, Other, Tandem
Fence Chain Link
Pool None
View Y/N No
Roof Type Wood
Total Parking Spaces 3
Private Pool No
Building
Story 1
Entry Level One
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4460511400
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Financing Cash to Loan
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Bought with Ruben Calderon Jr. • Fair Trade Real Estate