$1,095,000
Sold

2435 Imperial Avenue

San Diego, CA 92102
0.16 acres | #240001530SD
Listing OfficeNorthMarq Multifamily
Type:Purchase
Structure:Land
Zone:Residential

Description

We are excited to introduce a new development opportunity, “Imperial Avenue Apartments,” located at 2435 Imperial Avenue in the Logan Heights submarket of San Diego, California. This is a fully entitled and approved, permit ready project allowing for a streamlined construction process that will bypass the challenging permitting process in San Diego. The shovel-ready nature of this project enables developers to commence construction almost immediately, creating a prominent landmark in the heart of Logan Heights for years to come. Situated at 2435 Imperial Avenue, this project presents a unique chance for developers to address the high demand for housing in the supply-constrained market of Logan Heights. Carefully designed plans align with the neighborhood’s requirements and needs, as well as the Complete Communities Plan, making this a great development opportunity. Tenants will enjoy convenient access to essential retail within a short walking distance and have excellent connectivity to various transit options just a stone’s throw away. Imperial Avenue Apartments is a 37-unit project featuring a street-fronting ground-floor commercial space. The design includes a 4-story, 22,779 square-foot wood-framed structure with dedicated motorcycle and bicycle parking situated on a 7,013 square-foot lot. To align with Complete Communities guidelines, five of the 37 units are designated as affordable.

  • Property Details
      • ViewBay, Ocean
      • Lot DescriptionLevel
    • Measurements
      • Acres0.161
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesCableAvailable
  • Community and Neighborhood Details
      • SubdivisionLogan Heights
    • Location
      • CountySan Diego
  • Financial Details
      • Original List Price$1,695,000
  • Other
      • MLS #240001530SD

Location

Karen SellersReal Estate Group