The subject property located at 4927 67th Street in San Diego presents a rare opportunity to acquire a near shovel-ready multifamily development site in the highly desirable College East submarket, less than one mile from San Diego State University. The project is expected to receive project approval within weeks, offering investors a significantly reduced entitlement timeline and the ability to commence construction shortly after closing. Situated on a 7,211 square foot corner lot zoned RM 1-1, the property currently consists of two detached residential units (a 2-bedroom/1-bath and a 2-bedroom/2-bath). Approved plans call for the development of six additional units totaling approximately 3,700 square feet, bringing the total project to eight units upon completion. The proposed unit mix includes five 2-bedroom/1-bath units and one studio unit, designed to maximize rental efficiency and appeal to the area’s strong student and workforce housing demand.

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