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4268 4264 Whittier St, San Diego, CA 92107
$1,370,000
4268 4264 Whittier St, San Diego, CA 92107View this property at 4268 4264 Whittier St, San Diego, CA 92107
4268 4264 Whittier StSan DiegoCA92107
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Property Description
Marketing package attached. Drone video: https://vimeo.com/810249636 Rarely available, APPROVED development site in the highly sought-after coastal San Diego markets of Ocean Beach/Point Loma. This sloped, 9,575 SF lot has been fully entitled and approved to build 11 new units (10 market / 1 affordable) with current plans consisting of 3 floors above a basement, 2nd floor parking garage, and future-proofed to allow physical space and electrical capacity for solar panels and EV charger infrastructure. The proposed unit mix consists of (2) 3bed+2bath, (4) 2bed+2bath, (4) 1bed+1bath, and (1) affordable 1bed+1bath units, averaging over 900 SF each, for a combined estimated total of 10,007 rentable SF. The upper units will feature W / NW views, some with balconies. The 2nd-floor parking garage will feature (10) car, (2) motorcycle, (5) bicycle parking spaces. The building has been designed with acoustical sound-reducing considerations to limit adjacent airport noise. The Seller is in the process of extending the existing Building permit, and grading permit is currently active, for Buyer's use, and will facilitate a transfer of all approved plans, permits, and associated documents to Buyer. Buyer will need to assume the cost of permit and impact fees. Recent sales comps of like-kind new construction suggest an average new valuation of roughly $700K+/unit, with an average in-place cap rate of sub-4%. In fact, the most relevant comp, Nimitz Crossing, located at 3909 Voltaire St about .5 miles from the subject site, is 36 units built in 2020, and which sold in June 2022 for $833K/unit, $923/SF, and with an in-place cap rate of 3.23%. Don't miss this rare opportunity to acquire one of the few remaining undeveloped parcels in this highly desirable area. All information deemed reliable but not guaranteed. Buyer to do its own due diligence and satisfy itself.
Full Property Details
Full Property Details for 4268 4264 Whittier St
General
- Sold For: $1,370,000
- Status: Closed
- Type: Lots/Land
- MLS ID: PTP2301224
- Added to Site: 447 day(s) ago
Location
- Area: 92107 - Ocean Beach
- County: San Diego
- Development Name: 92107 - Ocean Beach
- Driving Directions: Google Maps
- Dist. to Beach: Buyer to verify (Miles)
Utilities
- Water: Public
- Dist. to Water: Buyer to verify
Lot Features
- Property View: See Remarks
- Lot Size (Acres): 0.2198
- Lot Size (Sq. Ft.): 9,575
- Lot Size Source: Public Records
- Zoning: RM-2-5
- Lot Description: Park
Financial Considerations
- Price Per Sq. Ft.: $143.08
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Top Gun CRE, Max Delbecq
Sold by American Dream Homes, Nikki Amini
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Schools
Schools serving 4268 4264 Whittier St
School District:San Diego Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4741 Santa Monica Ave, San Diego, CA 92107 | K-4 | 0.7 mi | |
1775 Chatsworth Blvd, San Diego, CA 92107 | 5-6 | 0.9 mi | |
4302 Valeta St, San Diego, CA 92107 | 7-8 | 0.2 mi | |
2335 Chatsworth Blvd, San Diego, CA 92106 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4268 4264 Whittier St
Date
Details
Price
Change
Source
1/25/2024
Sold
$1,370,000
-5.52%
MLS
8/01/2023
Price Reduced
$1,450,000
-3.33%
MLS
6/05/2023
Price Reduced
$1,500,000
-9.09%
MLS
3/14/2023
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4268 4264 Whittier St, San Diego, CA 92107 (MLS# PTP2301224) is a Lots/Land property that was sold at $1,370,000 on January 25, 2024. Want to learn more about 4268 4264 Whittier St? Do you have questions about finding other Lots/Land real estate for sale in Ocean Beach? You can browse all Ocean Beach real estate or contact a Coldwell Banker agent to request more information.