$2,800,000
1.57 acres | #240028220SD
Courtesy of Compass

Description

Prime opportunity for development just east of the heart of San Diego! Located near the intersection of Federal Blvd and MacArthur Dr, this usable, 1.57 acre lot offers incredible potential for your next dream home or investment project. With its R-1: Single-Family Residential zoning, this property holds the potential for up to 14 homes, perfectly tailored to meet the area's growing housing needs. The R-1 zoning allows for the construction of single-family homes, making it one of the most versatile and desirable options for developers. This zoning promotes a neighborhood feel, allowing for thoughtfully designed homes with yards and open spaces while adhering to residential guidelines that enhance the surrounding community. Conveniently located near major roads, schools, shopping, dining, and the 94 & 125 freeways, this property combines accessibility with a desirable suburban setting. Whether you're a developer seeking your next project or an investor looking to build value, this lot is a canvas ready to bring your vision to life. Don't miss out on this unique opportunity. Come see it today!

  • Property Details
      • Acres:1.57
      • Property type:Purchase
      • Subdivision:Encanto
      • County:San Diego
      • Original List Price:$2, 800, 000
      • MLS #:240028220SD
      • Cost:2800000
      • Property subtype:Land
      • MLS #:240028220SD

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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