8th Avenue Redevelopment Assemblage 4 Properties in San Diego, CA
INVESTMENT HIGHLIGHTS
- Lot Size: 17,167 SF | 0.39 AC
- Zoning: CC-3-10 (1 unit/200sf) | Zoning Overlay: CCHS Tier 2 8.0x FAR
- Walk Score: Walker’s Paradise (95)
- Existing Use: 16-Units | Gross Potential Rent: $337,644
- Resource Area: Highest Resource
EXECUTIVE SUMMARY
The Bove Group is pleased to present 3967-89 8th Avenue, an exceptional development opportunity located in the heart of San Diego. Situated on a 17,167 SF lot with dimensions of 143’ x 120’, this property combines existing cash flow with incredible development potential. The site currently features a 16-unit mixed-use property generating $337,644 of gross income annually, providing investors with a unique opportunity to secure income while pursuing redevelopment.
The property is zoned CC-3-10 (1 unit/200sf), a versatile zoning designation allowing for a variety of residential, commercial, and mixed-use development options. Further enhancing its potential, the site is located within the Complete Communities Housing Solutions (CCHS) Tier 2 overlay, granting a Floor Area Ratio (FAR) of up to 8.0x. This high-density designation makes the property ideal for large-scale projects catering to San Diego’s ever-growing housing demand.
Positioned in a Walker’s Paradise (Walk Score: 95), 3967-89 8th Avenue offers unbeatable accessibility to shopping, dining, and entertainment options. The central location ensures a strong tenant pool for the existing units and makes future developments highly desirable. The 0.39-acre parcel is a blank canvas for developers and investors to capitalize on San Diego’s dynamic urban market.
The property is zoned CC-3-10 (1 unit/200sf), a versatile zoning designation allowing for a variety of residential, commercial, and mixed-use development options. Further enhancing its potential, the site is located within the Complete Communities Housing Solutions (CCHS) Tier 2 overlay, granting a Floor Area Ratio (FAR) of up to 8.0x. This high-density designation makes the property ideal for large-scale projects catering to San Diego’s ever-growing housing demand.
Positioned in a Walker’s Paradise (Walk Score: 95), 3967-89 8th Avenue offers unbeatable accessibility to shopping, dining, and entertainment options. The central location ensures a strong tenant pool for the existing units and makes future developments highly desirable. The 0.39-acre parcel is a blank canvas for developers and investors to capitalize on San Diego’s dynamic urban market.
PROPERTY FACTS
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 11,593 SF |
| Total Land Area | 0.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 801 Washington St, San Diego, CA 92103 | Retail | 3,100 SF | - | - |
| 3973 8th Ave, San Diego, CA 92103 | Multifamily | 1,135 SF | 1940 | - |
| 3967-69 8TH Ave, San Diego, CA 92103 | Multifamily | 5,390 SF | 1931 | - |
| 3975-3977 8th Ave, San Diego, CA 92103 | Multifamily | 1,968 SF | 1940 | - |
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