$1,095,000
$1,695,000
35.4%For more information regarding the value of a property, please contact us for a free consultation.
2435 Imperial Avenue San Diego, CA 92102
7,013 Sqft Lot
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
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
Exterior
Utilities Available Cable Available
View Y/N Yes
View Bay, Ocean
Building
Lot Description Level
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Erik Anderson • NorthMarq Multifamily