JUST REDUCED! Complete Community Development opportunity in Mission Hills to potentially build 70 units. Today there are three two-bedroom units and four garages on an 8,756 SF lot. The extended family owns the property and all units are family occupied. Family will vacate by close of escrow. San Diego's premier urban economists London Moeder have analyzed the site for development potential. FAR might allow as many as 70 units. They suggest that 21 units would be practical. Their moderate analysis is based only on one story parking and three stories of wood frame, 21 units over 11 parking spaces. The residual land value is estimated at $3,100,000. WE STRONGLY ENCOURAGE ALL AGENTS TO DOWNLOAD & READ the attached Development OM for the London Moeder analysis report BEFORE CALLING.
Listing courtesy of Apartment Consultants, Inc.
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