4350 Cleveland Ave, San Diego, CA 92103

Property Description

Investors' dream- APPROVED PLANS for a modern 12 unit residential development known as C12 Lofts in the highly desirable neighborhood of University Heights! C12 is a 3 story building consisting of 2 studios, 6 1 BR/1BA units and 4 2BR/2BA units. Each home will enjoy its own private & spacious balcony/patio which opens to the living area capturing the indoor/outdoor lifestyle of San Diego living. On the first level there will be a spacious community room and community patio for residents to enjoy. Additionally, there is a fabulous rooftop deck where residents can partake in evening sunsets, views & breezes while entertaining guests or simply lounging after a long day. Each home is thoughtfully designed and offers future residents modern, well laid out interiors, large folding glass doors to the outside patio, in unit washer and dryer & heating and cooling. Incredible opportunity for investors to begin construction ASAP and capture the hot rental market in San Diego, or build and re-sale. The new owner may elect to apply for a condo map allowing for the resale of each unit individually if successful. There may also be the potential to add 2 more units (ADU's) however, buyers would need to explore this with the City of San Diego as seller makes no warranty. Site is located in the heart of University Heights- walking distance to Trolly Barn Park, Park Blvd for dining and entertainment, Vermont St. footbridge, Hillcrest, Balboa Park, the farmers market, fabulous dining, entertainment, shopping and so much more. High walk score make this location a dream. Alley access. Exterior: Wood/Stucco Sewer: Sewer Connected Unit 1 Parking Spaces: 1 Unit 2 Parking Spaces: 0 Unit 3 Parking Spaces: 0 Unit 4 Parking Spaces: 0 Number of Furnished Units: 0 Topography: GSL