San Diego, CA 92102,2435 Imperial Avenue
San Diego, CA 92102,2435 Imperial Avenue
San Diego, CA 92102,2435 Imperial Avenue
San Diego, CA 92102,2435 Imperial Avenue
San Diego, CA 92102,2435 Imperial Avenue
San Diego, CA 92102,2435 Imperial Avenue
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$1,095,000

$1,695,000

35.4%
Est.Price: ?

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Est. payment /mo

7,013 Sqft Lot


SOLD DATE : 04/09/2024

Key Details

Sold Price $1,095,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 240001530SD

Sold Date 04/09/24

HOA Y/N No

Lot Size 7,013 Sqft

Property 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.

Location

State CA

County San Diego

Area 92102 - San Diego

Interior

Fireplace No

Exterior

Utilities Available Cable Available

View Y/N Yes

View Bay, Ocean

Present Use Unimproved

Building

Lot Description Level

Others

Senior Community No

Tax ID 53566008

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

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California Regional MLS (CRMLS)
Listed by Erik Anderson • NorthMarq Multifamily
Bought with Erik Anderson • NorthMarq Multifamily
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