3660 Reynard Way, San Diego, CA 92103

Property Description

REDEVELOPMENT OPPORTUNITY in prestigious Mission Hills neighborhood of San Diego, California. The site is currently improved with a 2,291 square foot single family home located on a 10,117 square foot lot. The land is naturally sloped and is situated on a corner lot, which is ideal for residential development. The property is situated just a few blocks from the heart of Mission Hills with upscale dining and shopping. Just a short walk away are two upscale grocery stores and several 5-star restaurants. Located within the Uptown Planning Group and is zoned RM-3-7, which allows for multifamily development at 1 unit per 1,000 square feet of lot area. This would allow for a potential development of approximately 10 units per the property’s 10,117 square feet. The maximum Floor Area Ratio (FAR) is 1.80 or a maximum of 18,211 building square feet. The zoning restricts building height not to exceed 40 feet. The property is within the Transit Priority Area, which has a zero minimum parking space requirement. Density Bonus: Developers may be eligible for an increase in development density in exchange for setting aside a percentage of the units as affordable housing. The calculation is based on the level of restrictions (very low income, low income or moderate) and the percentage of restricted units in the project total. The maximum density bonus would be 35% or approximately 14 units. On March 6, 2018, the San Diego City Council approved changes to the Density Bonus program to allow for 100 percent density bonus for micro-unit production for developments that do not go beyond the permitted building footprint. A micro unit development has units with an average size of 600 square feet and no units larger than 800 square feet. The site could accommodate 20 micro-units.. Neighborhoods: Mission Hills Equipment: Dryer,Garage Door Opener, Shed(s), Washer Other Fees: 0 Sewer: Sewer Connected Topography: GSL,