Here is your opportunity to own a prime piece of real estate in the heart of Crown Point. Located just a few block from Sail Bay, Crown Pt. Park and Fanuel Park. Currently priced below comparable sales and owner’s cost. Buyer can remodel the existing home or develop a winning project. Perfect for the savvy buyer looking for a great deal or the experienced developer looking to capitalize on the PB development game. Property is a single story 3 bed, 2 bath sits on a 5000sqft lot with potential ocean and bay views from the 2nd floor. Highest and best use is to develop two row homes each with ADUs on top of the garages. Owner has submitted city coastal plans drawn by well known architect Daniel Linn. Plans show each row home to be just under 1900sqft with 3 bed, 3.5bath, roof deck, and 2 car garage. Each home will have an ADU on top of the garages with 1 bed, 1 bath, and 411sqft. Comparable sales for the finished product is right around mid $2M each. If you don’t wish to build two row homes, you could build a spec home with an ADU. Or you can simply remodel the existing home and have a ton of equity. This is a great buy no matter how you do the math.

Date Added: 5/18/22 at 7:00 am
Last Update: 6/8/22 at 10:37 pm

Interior

  • RoomsDen, Entry
  • AppliancesDishwasher, Disposal, Dryer, Garage Door Opener, Microwave, Range/ Oven, Refrigerator, Solar Panels, Washer
  • Living RoomLaundry Room
  • A/COther/ Remarks
  • HeatingForced Air Unit, Natural Gas
  • FireplaceFP in Living Room
  • GeneralHere is your opportunity to own a prime piece of real estate in the heart of Crown Point. Located just a few block from Sail Bay, Crown Pt. Park and Fanuel Park. Currently priced below comparable sales and owner's cost. Buyer can remodel the existing home or develop a winning project. Perfect for the savvy buyer looking for a great deal or the experienced developer looking to capitalize on the PB development game. Property is a single story 3 bed, 2 bath sits on a 5000sqft lot with potential ocean and bay views from the 2nd floor. Highest and best use is to develop two row homes each with ADUs on top of the garages. Owner has submitted city coastal plans drawn by well known architect Daniel Linn. Plans show each row home to be just under 1900sqft with 3 bed, 3.5bath, roof deck, and 2 car garage. Each home will have an ADU on top of the garages with 1 bed, 1 bath, and 411sqft. Comparable sales for the finished product is right around mid $2 M each. If you don't wish to build two row homes, you could build a spec home with an ADU. Or you can simply remodel the existing home and have a ton of equity. This is a great buy no matter how you do the math.
  • FlooringWood

Exterior

  • GeneralStorm Drains
  • PoolN/ K
  • StyleCape Cod

Construction

  • RoofingComposition

Location

  • HOAYes
  • HOA Amenities0.0

Lot

  • TopographyLevel
  • ViewOther/ Remarks
  • FencingPartial
  • ZoningR-1: Single

Utilities

  • WaterPublic
  • SewerPublic Sewer

Schools

  • DistrictSan Diego City Unified School District
  • ElementarySan Diego Unified School District
  • HighSan Diego Unified School District

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