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Exceptional Multi-Family Development Opportunity – Two Adjacent Parcels in San Diego Introducing an outstanding development opportunity parcels (APN #538-100-05-00 - 5,597 sq ft. and APN #538-100-06-00 - 3,498 sq. ft.), total square footage for both parcels is 9,086 encompassing Lots 8, 9, and 10. Both parcels are level and offer convenient access from both the street and alley, providing excellent flexibility for future development. The existing home on APN #538-100-05-00 is slated for demolition, creating a blank canvas for a high-density residential project. The property is zoned RM-2-5 (Multi-Family Residential Base Zone) and is located within both a Transit Priority Area (TPA) and Sustainable Development Area (SDA). With a FAR Tier 3 designation, the site may allow an impressive Floor Area Ratio (FAR) of up to 6.5, offering significant development potential. Upper-level units may enjoy ocean views and views of the Coronado Bridge, adding to the appeal of this exceptional investment opportunity. Ideally located just minutes from Petco Park, East Village, the San Diego Convention Center, Downtown San Diego, and with convenient access to three major freeways, this property is positioned in one of San Diego's most desirable growth corridors. Buyer to verify all zoning, development potential, density, FAR, permits, and all other information with the City of San Diego prior to the close of escrow.
Listing agent: Elda Beach DRE #02082008 EldaBeachRE@gmail.com, Listing office: Realty One Group West
MLS data updated 10/27/2026, 4:46:47 AM PT
Source: CRMLS, MLS #: OC26164312
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 27, 2026
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This home · nearest recorded event
$2,995,000Original asking price · Jul 27, 2026ZIP 92113 · Jul 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
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