SoldDec 4, 2024

Listed by Aaron Abrams

Bought with Ruben Calderon Jr. from Fair Trade Real Estate

Source: California Regional Multiple Listing Service, Inc #240025661SD

3057 Walton Place, San Diego, CA, 92116

$580,000

3
1
3
809 sq. ft.
3070 sq. ft.

SingleFam

8 days on the market

Sold: Dec 4, 2024

What's around 3057 Walton Place

About this property

Discover a rare development opportunity at 3057 Walton Place in the vibrant University Heights/North Park neighborhood! Zoned RM-3-9, this property is primed for high-density residential redevelopment in a Sustainable Transit Priority Area (TPA) under San Diego?s Infill Programs. This designation not only reduces parking requirements but also offers incentives for projects close to transit, making it ideal for eco-conscious urban development. LOT size: 3, 072sft Approved for up to 9 units, this property qualifies for San Diego?s Density Bonus Program, offering additional unit allowances and affordability incentives. With a mix of market-rate and affordable units, you can create a community-oriented property that aligns with city housing initiatives while maximizing potential income. Development options include a balanced 7-unit layout or an optimized 9-unit configuration for enhanced space utilization and livability. Recent feasibility studies, geotechnical reports, and a cleared historic review make this site ready for streamlined permitting and fast-tracked approvals. Ideal for forward-thinking investors, this project combines urban living with sustainable design, contributing to San Diego?s goals for walkable, transit-friendly neighborhoods. This is more than just a property?it's an investment in San Diego?s future.

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