3280 Gillette St

San Diego CA 92102

1313 sq. ft.

5129 sq. ft.

Single-Family

Currently for sale - view listing

Overview

CITY APPROVED PLANS!!! Rare development opportunity in San Diego's 92102 — with a rare financing edge. This 3BR/2BA, 1,313 sqft home sits on a 5,129 sqft lot and carries an assumable FHA loan at just 2.75%, a major advantage in today's rate environment. The real value: city-approved plans to build 4 units totaling 3,839 sqft (10 bedrooms, 8 bathrooms). The slowest, riskiest, most expensive phase of any project — securing city approval — is already behind you, giving builders and investors a clear head start toward execution and after-repair value. Hold or rent the existing home while you plan, or move straight to construction. Ideal for developers, investors, and value-add buyers seeking scale in a supply-constrained market. Buyer to independently verify all plans, permits, and development rights with the City. Assumption subject to lender approval and buyer qualification.

Features

3 bedrooms

2 bathrooms

16 carspaces

8 garage spaces

1313 sq. ft. floor area

5129 sq. ft. lot size

Single-Family

Property history for 3280 Gillette St

2021

Sold

$670,000

03 Aug 2021

2015

Sold

$295,500

14 Sep 2015 by Victoria Sandoval

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