$850,000
About this home
CITY APPROVED PLANS!!! Rare development opportunity in San Diego's 92102 — with a rare financing edge. This 3BR/2BA, 1,313 sqft home sits on a 5,129 sqft lot and carries an assumable FHA loan at just 2.75%, a major advantage in today's rate environment. The real value: city-approved plans to build 4 units totaling 3,839 sqft (10 bedrooms, 8 bathrooms). The slowest, riskiest, most expensive phase of any project — securing city approval — is already behind you, giving builders and investors a clear head start toward execution and after-repair value. Hold or rent the existing home while you plan, or move straight to construction. Ideal for developers, investors, and value-add buyers seeking scale in a supply-constrained market. Buyer to independently verify all plans, permits, and development rights with the City. Assumption subject to lender approval and buyer qualification.
Facts & features
- Bedrooms
- 3
- Bathrooms
- 2 full, 0 half
- Living area
- 1,313 sq ft
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator
- Heating
- Electric, Natural Gas
- Cooling
- See Remarks
- Laundry
- Outside, See Remarks
- Levels
- One
- Lot size
- 0.118 acres (5,129 sq ft)
- Pool
- None
- Year built
- 1955
- Parking
- Driveway, Other
- Parking spaces
- 16
- Area
- 92102 - San Diego
- County
- San Diego
- Status
- Active
- Property type
- Single Family Residence
- Days on market
- 1
- Listed
- 2026-07-24
- Terms
- Cash, Conventional, Exchange 1031, FHA, Va Loan
- Parcel #
- 5454010600
- MLS #
- 260018219SD
