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Prime Hillcrest Multifamily Development Opportunity



Address:

NW Corner of 10th Avenue & Robinson Avenue San Diego, CA 92103


Zoning:

RM -3-9/Tier 2 Complete Communities/ Hillcrest Focused Plan


CCHS:

Tier 2 Complete Communities


FAR:

8.0 (Potential for ± 264,000 Gross Building) 


Height Limit:

8 FAR 140’-180’


Product Type:

Type I Podium


APNs #:  

452-093-36-00, 452-093-37-00, 452-093-34-00, 452-093-33-00, and

452-093-32-00


Land Area: 

± 33,114 SF  (Primary Parcels total ± 29,614 SF plus the possible addition of

± 3,500 SF from Alley vacation)


Entitlements: 

CCHS or Process 1 with the City of San Diego (Alley vacation is a Process 5 approval) 


Existing Use:

20 unit apartment building, duplex, and three single family homes 


Income:

Del Oro Apartments generates approximately $200,000 NOI annually    



Pacific Coast Commercial with Dave Dilday and Ken Robak have been retained as the exclusive advisors for the sale of a development opportunity in the heart of Uptown’s dynamic Hillcrest community. 

 

The development opportunity allows for a total buildable square footage of up to approximately 260,000 SF in a very walkable location just a block from The Hub Hillcrest shopping center, located on University Ave.  The Hub is a 150,000 SF commercial center with Trader Joes and Ralphs as duel anchor   tenants. In addition, Whole Foods is located just two blocks to the south on University Ave. 

 


Hillcrest is located just a few miles from downtown San Diego and the population within 3 miles is over 250 thousand. The average home price in the area is in excess of One Million dollars. Balboa Park, one of the largest urban parks in the country is just to the south of the property and the world famous San Diego Zoo, located within the Balboa Park, is also in close proximity to the site.   Hillcrest is also home to two large hospital operators. Scripps Mercy Hospital and Hillcrest Medical UC San Diego Health are both located less than a mile from the site. The location has a Walk Score of 95/100 and represents an exciting opportunity for an Buyer to invest in a prime location in the middle of one of San Diego’s most diverse and dynamic neighborhoods.



Download Property Brochure:


 

Contact PCC Agents for Details


DAVE DILDAY Lic. 00976203

Director, Land Development & Investment Sales

Direct: (619) 200-9787


KEN ROBAK Lic. 01236527

Executive Vice President

Direct: (619) 666-4600

 




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