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Unlock a high-potential investment opportunity in one of San Diego’s most popular, high-demand neighborhoods. Sitting on a flat 8,200+ sqft lot, this property features a functional 2-bed 1-bath home that is ready to rent out immediately, providing steady income while you prepare for construction. The true highlight is the shovel-ready advantage: fully approved, Ready-To-Issue (RTI) plans are already in hand to build 9 high-density units, a smart blend of standard residences and ADUs designed for maximum layout efficiency. By skipping months of permit delays, city red tape, and holding costs, you can jump straight into construction on day one. Located in a vibrant, walkable area close to popular dining and easy freeway access, this lot is perfectly positioned for strong rental demand and maximum return on investment. Rent the existing home for immediate cash flow, or pull permits to break ground and scale your unit count right away! Fully approved, Ready-To-Issue (RTI) architectural plans are in hand to transform this 8,282 sq ft lot into a high-density 10-unit residential community. Utilizing San Diego’s Affordable ADU Bonus program, the plans preserve the existing single-family front home while adding 9 modern ADUs to the rear. The new construction features efficient 1-bed 1-bath layouts, with four ground-level units (420–436 sq ft) with private patios, four upper-level units (400 sq ft) with private balconies, and an additional unit positioned above a tandem parking carport. Complete architectural plan sets, site layouts, rendering elevations, and city approval documentation are available upon request.
Listing agent: Chad Dannecker DRE #01459513 chad@danneckerandassociates.com, Listing office: Compass
MLS data updated 10/16/2026, 11:15:50 PM PT
Source: CRMLS, MLS #: 260020935SD
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Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 30, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,699,900Asking price recorded · Sep 30, 2026ZIP 92116 · Sep 2026
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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.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
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