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Key Details
Sold Price $580,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 809 sqft
Price per Sqft $716
Subdivision University Heights
MLS Listing ID 240025661
Sold Date 12/04/24
Style Detached
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 2015
Lot Size 3,070 Sqft
Acres 0.07
Property Description
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.
Location
State CA
County San Diego
Community University Heights
Area Normal Heights (92116)
Rooms
Family Room 22x16
Master Bedroom 12x11
Bedroom 2 13x8
Bedroom 3 10x9
Living Room COMBO
Dining Room COMBO
Kitchen 8x8
Interior
Heating Other/Remarks
Laundry Inside
Exterior
Exterior Feature Other/Remarks
Parking Features None Known
Fence Chain Link
Roof Type Wood
Total Parking Spaces 3
Building
Story 1
Lot Size Range 1-3999 SF
Sewer Sewer Connected
Water Public
Level or Stories 1 Story
Others
Ownership Right To Use
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
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Bought with Ruben Calderon Jr. • Fair Trade Real Estate
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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