The Bove Group

View Original

1144 Eureka St, San Diego, CA 92110

Offer Price:

Market

Zoning:

RM-3-7

Zoning Overlay:

CCHS Tier 3: 4.0x FAR

Base Density:

1/1,000 DU

APN:

436-592-05-00

Lot Size:

±4,957 SF

Status:

Closed

Submarket:

Central

Property Type:

Apartments, Land

Strategy:

Value Add

See this map in the original post

Located in the highly sought-after Morena / USD neighborhood, this property at 1144 Eureka Street presents a unique and compelling investment opportunity. The 4,957 SF corner lot features a duplex and offers the potential for captivating views to the south and west. Zoned RM-3-7 with a CCHS Tier 4 zoning overlay, the property allows for significant development possibilities with a 4.0x Floor Area Ratio (FAR). The lot’s dimensions, approximately 50’ x 100’, provide ample space for diverse development configurations, including multi-family units or potential commercial uses.

The property boasts a Walk Score of 63, highlighting its walkable access to nearby amenities. Additionally, public transportation is conveniently within walking distance, with proximity to a trolley station that enhances the site’s appeal for future development. A Transit Score of 48 further underscores the moderate accessibility to public transit options.

This site offers an exceptional opportunity for developers and investors to tap into the growing demand and ongoing positive developments in the Morena / USD area. The combination of favorable zoning, strategic location, and the neighborhood’s upward trajectory makes this an ideal investment for those eager to contribute to and benefit from the area’s dynamic transformation.


Listed By:

Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 373-3237

Jared Wallach

Senior Advisor

jared.wallach@marcusmillichap.com

(424) 205-3800