Lot/landFor Sale Price $850,000 5432 Churchward Street, San Diego, Cal

5432 Churchward Street, San Diego, California 92114

0.43 Sqft
Active
$850,000
Listing ID #220027129
Property Description

We are pleased to exclusively present an opportunity to acquire a development site ideally located in Encanto, San Diego. The proposed project consists of 10 (3BD, 2BA) rental apartments at 5432-34 Churchward Street, San Diego CA 92114. This is an infill project in a high demand densely populated Encanto neighborhood in Southeast San Diego and is walking distance from public transit station (Trolley and Bus). The project site is currently a half acre vacant lot. Plans include Private Grading, ROW and Building. The proposed development has 10 apartments and approximately 23 parking spaces. The site is at a significant elevation from the sea level and has a view to the ocean. Each unit will have 2 stories, with two bedroom and a bathroom downstairs and family room, kitchen and a bedroom and a bathroom upstairs to maximize the benefit of the ocean view . Based on the elevation and angle, it is expected that ocean view will be available to each unit from the second-floor balcony thereby enhancing desirability and rents. One of the rental units has been put in long term affordable housing program to take advantage of state bonus density law and other incentives available for mixed use housing. Necessary agreements have been fully executed with San Diego Housing Commission.

Basic Details
Property Type : Lot/land
Listing Type : For Sale
Listing ID : 220027129
Price : $850,000
Price Per SQFT : $1,976,744
Lot Area : 0.43 Sqft
Status Category : Active
 
Address Map
US
California
SD
San Diego
ENCANTO (92114)
Encanto
92114
Churchward Street
5432
W118° 55' 19.8''
N32° 42' 15.9''
Additional Info
Marcus & Millichap
Aaron
Bove
: City Of San Diego
30-12-2022 17:48:33
60
.25 to .5 AC
Click Here
20,017 Sqft
: 0.0
548-204-51-00
5
0 Sqft
0 Sqft
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