The Swift Avenue properties present a fantastic opportunity to purchase two well located assets with existing cashflows and significant development potential. The lots reside in a Qualified Opportunity Zone, Transit Priority Area and fall within the Complete Communities Plan with an attractive 6.5 FAR. The sites are composed of two parcels totaling 13,011 SF of land with a 1,264 SF 2BR/2BA house on a 5,722 SF lot, and a contiguous 1,533 SF 3BR/1BA house with detached single car garage on a 7,289 SF lot. Multiple opportunities are available to develop the property. A recent yield study shows options from 37 to 56 apartment units with variations on mixed use amenities and parking. The adjacent lot is currently for sale and if purchased simultaneously could potentially yield up to 132 units, along a corner lot that fronts University Avenue. Any future project on these sites would be extremely well located in central San Diego with immediate access to both the 805 and 15 freeways, walking distance to the nearby elementary school and several retail establishments along University Avenue. Mid-City San Diego is gentrifying rapidly under the new Complete Communities plan zoning. This is an excellent opportunity for an investor/developer to get in on the ground floor as the area flourishes well into the future.
ABOUT 4021 Swift Avenue, San Diego, CA 92104 - MLS 230000738SD
In San Diego County, this property is located at 4021 Swift Avenue in the Normal Heights neighborhood of San Diego, with a current listing price of $2,300,000. This 1533 square foot single family residence for sale has 3 bedrooms and 1 baths.
For additional information about 4021 Swift Avenue, see more details below as entered by the listing brokerage, including property taxes, year built, assigned schools, type of construction, exterior and interior features, locations, views, and any neighborhood amenities in Normal Heights.
Contact the Beer Home Team to find your dream in San Diego today! Our local agents are experts in the San Diego real estate market and are committed to providing outstanding service. To tour MLS #230000738SD today, connect with an agent at (858) 465-7899.