RARE MULTIFAMILY DEVELOPMENT OPPORTUNITY | R-4 ZONING | PANORAMIC HARBOR VIEWS | DUAL ACCESS ATTENTION INVESTORS, BUILDERS & DEVELOPERS! Exceptional opportunity to acquire an approximately 8,583-square-foot parcel with R-4 Multiple Residential zoning in San Diego! This distinctive property offers exciting possibilities for multifamily residential development in a desirable urban location. A standout feature is the property's TWO ACCESS POINTS, with direct street access from Island Avenue and additional access via an easement off Market Street, providing valuable flexibility for future site planning and development. Perched in an elevated setting, the property captures breathtaking, unobstructed panoramic views of San Diego Harbor, South Bay, and the surrounding mountains, extending all the way to Tijuana, Mexico, on clear days. With its generous lot size, multiple residential zoning, dual access, and spectacular views, this property presents a compelling opportunity to explore a multifamily residential project or other permitted development possibilities. LOCATION! ZONING! VIEWS! DUAL ACCESS! Bring your architect, builder, and vision to unlock the potential of this exceptional San Diego investment opportunity! Buyer to independently verify zoning designation, permitted density, development potential, easement rights, access, and all applicable City of San Diego requirements.
Property Sub Type:
Detached
County Or Parish:
San Diego
Total Building Area:
1,126 sq. ft.105 m2
Total Floor Area:
1,126 sq. ft.105 m2
Total Bedrooms:
1
Optional Bedrooms:
1
Bathrooms:
1
Full Bathrooms:
1
Half Bathrooms:
0
Fireplace Details:
N/K
Stories:
1 Story
Num Stories:
1
Total Stories:
1
Entry Level:
1
Year Built:
1925
Age (in years):
101 year(s)101 year(s)
Home Owner Fees:
$0
Mello Roos Fee:
$0
Mello Roos Fee Frequency:
Year
Terms:
Cash
# Units In Community:
1
to access property there is an easement off of market st between a large apartment complex and Lutz Tire & Auto Repair.
Elementary School District:
San Diego Unified School Distric
Junior High School District:
San Diego Unified School Distric
High School District:
San Diego Unified School Distric
Site Influences:
Sidewalks
View:
Bay, Mountains/Hills, Panoramic, Coastline, Harbor, Neighborhood, City Lights
Listed by Alta Realty Group CA and NON LISTED OFFICE
Data was last updated November 9, 2026 at 03:10 PM (UTC)
Area Statistics
Listings on market:
2,786
Avg list price:
$799,900
Min list price:
$89,999
Max list price:
$13,495,000
Avg days on market:
47
Min days on market:
1
Max days on market:
664
Avg price per sq.ft.:
$641.95
These statistics are generated based on the current listing's property type
and located in
San Diego. Average values are
derived using median calculations. This data is not produced by
the MLS® system.