For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,095,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 240001530SD
Sold Date 04/09/24
HOA Y/N No
Lot Size 7,013 Sqft
Property Description
We are excited to introduce a new development opportunity, “Imperial Avenue Apartments,” located at 2435 Imperial Avenue in the Logan Heights submarket of San Diego, California. This is a fully entitled and approved, permit ready project allowing for a streamlined construction process that will bypass the challenging permitting process in San Diego. The shovel-ready nature of this project enables developers to commence construction almost immediately, creating a prominent landmark in the heart of Logan Heights for years to come. Situated at 2435 Imperial Avenue, this project presents a unique chance for developers to address the high demand for housing in the supply-constrained market of Logan Heights. Carefully designed plans align with the neighborhood’s requirements and needs, as well as the Complete Communities Plan, making this a great development opportunity. Tenants will enjoy convenient access to essential retail within a short walking distance and have excellent connectivity to various transit options just a stone’s throw away. Imperial Avenue Apartments is a 37-unit project featuring a street-fronting ground-floor commercial space. The design includes a 4-story, 22,779 square-foot wood-framed structure with dedicated motorcycle and bicycle parking situated on a 7,013 square-foot lot. To align with Complete Communities guidelines, five of the 37 units are designated as affordable.
Location
State CA
County San Diego
Area 92102 - San Diego
Interior
Fireplace No
Exterior
Utilities Available Cable Available
View Y/N Yes
View Bay, Ocean
Present Use Unimproved
Building
Lot Description Level
Others
Senior Community No
Tax ID 53566008
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Erik Anderson • NorthMarq Multifamily
GET MORE INFORMATION
Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692