5305 Santa Margarita Street
San Diego, CA 92114
1.05 acres | #PTP2502578
Description
Amazing Investment Opportunity in Encanto. 2 houses on 1 lot. Nestled on 1 acre of land, this this RM-1 zoning unlocks the potential to build up to 12 additional units, offering significant future development possibilities. This is your perfect opportunity to create multigenerational living, add additional rental income, or a flexible lifestyle. Both homes currently on the property offer comfort and privacy, approximately 920 square feet of living space each featuring spacious living areas, kitchens, and nice size bedrooms. The lot itself is a blank canvas with ample space. Whether you're dreaming of a family compound, rental income, or future development, this is your chance to own a prime piece of real estate with endless potential. Spacious, flexible, and full of possibilities, properties like this don’t come around often. This is a rare opportunity to own a versatile and spacious piece of real estate. Don’t let this one slip away—your dream starts here!
Property Details
- Lot DescriptionLotOver40000Sqft, ValueInLand, Yard
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- MLS #PTP2502578
- MLS #PTP2502578
- CountySan Diego
- Original List Price$999,999
- Cost999999
- Acres1.05
- Year Built1959
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Lani Sylvas (#803825)
Listing Office: Coldwell Banker West (#87592)
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