0000 Newell St Unit #116/21,22, Point Loma (Pt Loma), CA 92106

$1,350,000
List Price
$1,350,000
MLS#
240005077
Status
ACTIVE
Type
Land
Neighborhood
Point Loma

Property Description

A blank canvass multi-family lot situated in the sought-after Point Loma neighborhood zoned RM-3-7 with Complete Community Tier 2 overlay. Boasting scenic views of downtown and Shelter Island, the property occupies a distinctive position within the desirable Roseville neighborhood, culminating in a quiet cul-de-sac setting and enveloped by residences of considerable value. Zoning: RM-3-7 with Complete Community Tier 2 overlay, allowing for a range of multi-family development possibilities. This property features a 2.5x (FAR), allowing for a buildable structure of up to 12,000+ sq/ft.* Lot Size: Approximately 0.11 acres (5,002 SF), providing ample space for creative architectural designs.* Proposed Plans: Explore the potential for nearly 12,000 SF of livable space, over 600 SF of balconies and roof decks, and a courtyard in the proposed 6-unit development plan.* APN: 530-351-10-00 This property lies just outside of the coastal overlay zone, eliminating the need for a coastal review.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Aaron Bove.