3280 Gillette Street, San Diego, CA 92102
List Price: $850K
Listing Status: Active
0Days on Market: 1
3 Bedrooms · 2 Bathrooms · 1,313 sq ft
Property Type: Residential
Year Built: 1955
Lot Size: 5,129 sq ft
Garage Spaces: 8
Private Pool: Yes
MLS Number: 260018219SD
About This Property
CITY APPROVED PLANS!!! Rare development opportunity in San Diego's 92102 — with a rare financing edge. This 3BR/2BA, 1,313 sqft home sits on a 5,129 sqft lot and carries an assumable FHA loan at just 2.75%, a major advantage in today's rate environment. The real value: city-approved plans to build 4 units totaling 3,839 sqft (10 bedrooms, 8 bathrooms). The slowest, riskiest, most expensive phase of any project — securing city approval — is already behind you, giving builders and investors a clear head start toward execution and after-repair value. Hold or rent the existing home while you plan, or move straight to construction. Ideal for developers, investors, and value-add buyers seeking scale in a supply-constrained market. Buyer to independently verify all plans, permits, and development rights with the City. Assumption subject to lender approval and buyer qualification.
Listing provided by: Keegan Wetzel DRE #02153342 855-450-0442 keegan@keeganwetzel.com, Real Broker
Source: CRMLS, MLS #: 260018219SD
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.