Property from 4221 51st St #19 - KW

Variance granted Lot/Land: Opportunity to acquire a centrally located infill site in the high-demand rental market of City Heights. The property features a recently vacated single-family residence, presenting immediate value-add potential through renovation or repositioning while pursing plans for future development. Currently zoned RM 1-3, the site also benefits from both Transit Priority Area (TPA) and Complete Communities designations—unlocking enhanced density potential, increased floor area ratios, and additional height allowances, making it ideal for a multifamily project. Situated less than a block from Colina Park Golf Course and the adjacent recreation center, the property is also within walking distance to multiple elementary, middle, and charter schools. The location also offers convenient access to San Diego State University, public transit options and excellent connectivity to all major San Diego freeways, enhancing long-term tenant appeal and reinforcing the site’s Transit Priority designation benefits. This is a compelling opportunity for developers and investors to capitalize on both immediate income potential and long-term redevelopment upside in one of San Diego’s active growth corridors