Asking Price: $2,595,000

CBRE is pleased to offer for sale an outstanding multifamily development opportunity in Golden Hill (92102), one of central San Diego's strongest housing markets. The site has cleared Historical Review, is located in an Opportunity Zone, and is Complete Communities Tier 3 with an FAR of 6.5. The base zoning is RM-3-7 (1,000 SF/DU). There are no existing improvements on site. The property is currently being entitled to build 30 units. Proposed Building Plans available upon request. Golden Hill is one of central San Diego’s premier residential neighborhoods offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafés, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Golden Hill also feature numerous convenient thoroughfares, allowing easy access to Downtown, South Park and North Park, along with Hwy 94, Hwy 163, I-5, and I-15. As a result, Golden Hill has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development.