San Diego, CA 92102,2435 Imperial Avenue
San Diego, CA 92102,2435 Imperial Avenue
San Diego, CA 92102,2435 Imperial Avenue
$1,095,000
Est. payment /mo
$1,695,000
35.4%
Est.Price: ?

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7,013 Sqft Lot
SOLD DATE : 04/09/2024

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

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California Regional MLS (CRMLS)
Listed by Erik Anderson • NorthMarq Multifamily
Bought with Erik Anderson • NorthMarq Multifamily

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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