Description

Exceptional investment and development opportunity just outside San Diego State University. Situated on a flat, usable 6,600 sq. ft. lot, this 3-bedroom, 2-bath home offers immediate rental income today with outstanding redevelopment potential for tomorrow. Located within the recently approved Community Plan Update, the property is expected to accommodate multiple residential units under the new 5-9 dwellings per acre zoning (buyer to verify) making it an ideal opportunity for investors and developers looking to capitalize on the student rental market. While planning your future project, the existing 1,404 sq. ft. home is perfectly suited as a student rental with a functional floor plan, generously sized bedrooms, and spacious living and dining areas that comfortably accommodate roommates. The primary suite features a large walk-in closet and private ensuite bathroom with dual-sink vanity and a tiled walk-in shower. The updated guest bathroom offers stylish tilework, an oversized vanity, and charming architectural details. Hardwood floors run throughout much of the home, and the bright kitchen offers granite countertops along with a sunny breakfast nook. The home also has central heating and air conditioning providing year-round comfort. Outside, the expansive backyard provides ample room for future development, while the detached two-car garage offers additional storage, parking, or potential ADU conversion. Behind the garage is a separately fenced green space that is part of the property and can aid in future development. A long driveway provides abundant off-street parking—an invaluable amenity for student housing. Located just minutes from SDSU, Trader Joe’s, shopping, restaurants, events at Viejas Arena and public transportation, this property offers the rare combination of immediate cash flow and long-term upside. Rent it now, develop later, or maximize the site's full potential under the new zoning. Opportunities like this in the College Area are becoming increasingly difficult to find.