Site Address: 3650-60-70 Clairemont Drive San Diego, CA 92117
APN: 425-810-25-00 (13,642 SF), 425-810-26-00 (12,651 SF), 425-810-27-00 (26,571 SF), 425-810-28-00 (75,358 SF)
Zoning: CO-1-2
Gross Land Area: 2.94 Acres (128,222 SF)
Net Land Area: To Be Determined
Entitlements: Complete Communities Housing Solutions (CCHS) - Possible Ministerial Approval
Development Type: 2-3 Story Townhomes, 5-6 Story Podium
Land Type: Fee Simple
Views: Views of Point Loma to La Jolla Looking Over Mission Bay and Pacific Ocean
Unit Count: Unit Count Estimated to be 275-350 - Depending on Unit Size
Asking Price: Market Price
Pacific Coast Commercial (PCC) is pleased to present a 2.94 acre ground up development opportunity located in San Diego’s Clairemont neighborhood, a well located suburban community located just 10 minutes north of Downtown San Diego and just minutes from Mission Bay Park.
The property currently consists of three office buildings with a mix of retail and professional tenants with short term leases. The development opportunity consists of four legal parcels totaling approximately 2.94 acres. Net developable area to be determined based on negotiations with adjacent townhome project pursuant to existing Shared Parking Agreement.
The property is in Tier 4 of San Diego’s Complete Communities Housing Solutions (CCHS), which is a San Diego initiative that aims to increase the production of housing across all income levels in areas considered Transit Priority areas. This is an “opt in” program that utilizes affordable housing density bonus and provides increased density based on the CCHS assigned FAR. The program also offers other incentives such as reduced impact fees, and ministerial project approval in exchange for affordable housing at various income levels.
The site offers a central location with great access to major employment and education hubs and is in close proximity to the recently completed Blue line light rail trolley service which offers access to UCSD to the North and Downtown San Diego to the South. The Balboa Avenue Trolley Station is located just one mile to the west of the property.
This site offers a developer the unique redevelopment opportunity to build a multifamily project in a mature, well located in-fill site near the coast with favorable zoning that could offer a ministerial approval.
Complete Communities:
FAR Tier 4: 4 FAR
Height: Up to 95 Feet as a Ministerial Process
Affordable Housing: To Be Determined
Gross Buildable: 512,888 SF (Based on 4 FAR)
Net Land Area: To Be Determined
Contact Agents for More Details (619) 469-3600:
Dave Dilday
Director, Land Development & Investment Sales
Lic. 00976203
Bo Gibbons
Associate Vice President
Lic. 01367936
Liam Teer
Broker Associate
Lic. 02021260
Office (619) 469-3600
10721 Treena St, Ste 200
San Diego, CA 92131
Lic. 01209930
The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning, financials, leases, square footage, permits and use should be verified during due diligence and prior to completing a purchase or lease.
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