3204 Imperial Avenue, San Diego, CA

Seize the chance to develop affordable housing in a prime location with the potential to construct over 100 units, leveraging the Complete Communities program’s generous Floor Area Ratio of 6.5. This opportunity is within a stone’s throw of the 32nd & Commercial Trolley Station, just 800 feet away, under the Transit Priority Overlay. The offering includes three parcels with a total combined area of 26,030 square feet, and with Tier 3 incentives via Complete Communities, there’s the possibility to build up to 169,195 square feet. Situated in an Opportunity Zone, this property is a golden opportunity for developers, with RM3-7 zoning allowing for a density of 1 unit per 1,000 square feet by right. This is a not-to-be-missed prospect for those looking to make a mark in the realm of affordable housing within a Transit Priority Area. Discover the exceptional investment opportunity nestled in the heart of Grant Hill/Stockton, where a sprawling 0.60-acre TOD site at 3204 Imperial Avenue awaits. This prime piece of real estate boasts a generous 26,030 SF lot, zoned for Residential/Multi-Family use within a Transit Priority Area and an Opportunity Zone, presenting an unparalleled chance for growth and development in a burgeoning community. The site’s strategic location offers unmatched access to major transit lines, including bus routes that connect to UCSD Hospital, the vibrant Downtown San Diego, and the 32nd & Commercial Trolley Station, ensuring convenience and accessibility for future residents. The neighborhood’s rich cultural tapestry and family-oriented market, characterized by diverse demographics and a blend of single-family homes and apartments, make it an ideal setting for a multi-generational housing project that can cater to the needs of various family structures. Schedule a Private Showing