2816 Columbia StreetSan Diego, CA 92103

Charming Duplex Property on Large Parcel with panoramic views to the south and west over San Diego Bay. Zoning allows 1 unit per 1,500 sq ft of lot area with a bonus floor area ratio of 6.5, which allows for a maximum development of 47 units on the 10,819 sq ft parcel. The driveway below the parcel is part of the property. New sewer line. Flat parcel at street frontage with slope toward the south west. Existing income with two tenants on month-to-month leases. There were renovations made in 2021, but the actual age of the improvements dates from the 1920's. Income and expenses are estimated. Offered concurrently with 2830 Columcia St for $3,800,000. Total area of both parcels is 16,060 sq ft.