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$ 3,750,000
Est. payment | /mo
1.91 Acres Lot
$ 3,750,000
Est. payment | /mo
1.91 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision La Mesa
MLS Listing ID 250018556SD
HOA Y/N No
Lot Size 1.910 Acres
Property Description
We are pleased to present the opportunity to acquire Saranac Ridge, nearly two (2) acres of residentially zoned land composed of a 72,759 SF vacant lot and a 10,454 SF lot covered with a single family home. The property is located on Saranac Street in the San Diego County submarket of La Mesa, nearby to SDSU and located just off the trolley line. Saranac Ridge is only a few minutes west of the historical La Mesa Village and is a ten-minute walk from the 70th Street Trolley Station. Additionally, the property is approximately two miles from Sharp Grossmont Medical Center, the largest medical complex in east San Diego County, employing 2,700 people. San Diego State University, with 37,500 students and 6,500 employees, is also located just 1.5 miles west of Saranac Ridge and is directly accessible from Interstate 8. The property's location is both convenient to local amenities and yet still very residential in feel, helping attract a tenant profile of young professionals and families. Saranac Ridge boasts an attractive 83,213 square feet of developable land, making it one of the largest land offerings in La Mesa. Zoned RM-3, the base density at the site is one (1) dwelling unit per 2,420 SF of land, however, various density bonuses offered in section 24.05.025 D of the La Mesa Municipal Code along with California state affordable housing bonuses, provide options for increased density at the site.
Location
State CA
County San Diego
Area 91942 - La Mesa
Zoning RM-3
Interior
Fireplace No
Exterior
View Y/N No
Present Use Residential,Unimproved
Others
Senior Community No
Tax ID 4690201200
Listed by Allen Chitayat • CBRE
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