Property Description

CBRE is pleased to offer for sale a premier multi-family development site in Hillcrest (92103), one of central San Diego's strongest housing markets. The site has cleared Historical Review and is Complete Communities Tier 2 with an FAR of 8. The property is in the final review stage of entitlements to build 22 units, with expected full approval in October of this year. The base zoning is RM-3-9 (600 SF/DU). The existing single family house is rented for $3,200 per month. Building Plans available upon request. Hillcrest is central San Diego’s premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafés, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8. As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development. CBRE is pleased to offer for sale a premier multi-family development site in Hillcrest (92103), one of central San Diego's strongest housing markets. The site has cleared Historical Review and is Complete Communities Tier 2 with an FAR of 8. The property is in the final review stage of entitlements to build 22 units, with expected full approval in October of this year. The base zoning is RM-3-9 (600 SF/DU). The existing single family house is rented for $3,200 per month. Building Plans available upon request. Hillcrest is central San Diego’s premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafés, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8. As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development.