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1485 Morena Blvd - High Density Multi-Family Development Site

0.21 Acres of Commercial Land Offered at $2,495,000 in San Diego, CA 92110

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Investment Highlights

Corner level lot
Potential for bay / city / ocean views
Desirable location

No evidence of active faults
Proximity to light rail
5.5 FAR through Complete Communities

Executive Summary

High density multi-family development site.

Morena Blvd OM Final 11.15.2024

Development Feasibility Study - 1485 Morena

Property Facts

Price	$2,495,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Multifamily Apartment Units
No. Lots	1	Total Lot Size	0.21 AC
Property Type	Land	Cross Streets	Nashville St

Price	$2,495,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily Apartment Units
Total Lot Size	0.21 AC
Cross Streets	Nashville St

1 Lot Available

Lot

Price	$2,495,000	Lot Size	0.21 AC
Price Per AC	$11,711,471

Price	$2,495,000
Price Per AC	$11,711,471
Lot Size	0.21 AC

Fault hazard evaluation has determined that there is no evidence of active faults. Phase I & II, boundary & topographic survey and feasibility study are complete.

Description

A very well-located high-density multi-family development site situated in the Bay Park neighborhood of San Diego. This 9,280 square-foot paved corner lot is level and has alley access. The subject property’s base zone is CC 4-2 and is within San Diego’s Complete Communities overlay (providing a 5.5 FAR allowance). Complete Communities is an initiative by the City of San Diego that provides high-density residential development along the city’s transit corridors.