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Off market
  • Listing Provided by: 
    $948,200

    235-37 S Willie James Jones Ave, San Diego, CA 92113

    --beds
    --baths
    1,592sqft
    Multi Family
    Built in 1950
    -- sqft lot
    $948,200 Zestimate®
    $596/sqft
    $3,168 Estimated rent

    What's special

    Incredible Development Opportunity Near Downtown San Diego Presenting 235–237 S Willie James Jones Ave—a prime development site located in the rapidly evolving neighborhood of Logan Heights, just minutes from Downtown San Diego. Set on a ±14,367 SF lot zoned RM-2-5, this property offers exceptional potential with up to 9 units allowed by right, and significant density bonuses available through the Complete Communities Tier 3 program. The site currently includes a well-maintained duplex with two 2BR/1BA units, generating $3,425/month in gross rental income—providing valuable cash flow during the planning or entitlement phase. Located within a Transit Priority Area (TPA), Sustainable Development Area (SDA), and Qualified Opportunity Zone, the property benefits from development incentives such as reduced parking requirements, expedited permitting, and potential tax advantages. Surrounding the property are major redevelopment efforts, including the planned 80-unit Southwest Village by Related Companies and several new multifamily projects, further enhancing long-term value. Highlights: ±14,367 SF lot (RM-2-5 zoning) Two existing income-producing units Potential for up to ±91,000 SF under Tier 3 Complete Communities (FAR up to 6.5×) Transit- and incentive-rich location (TPA, SDA, Opportunity & Promise Zones) Surrounded by new and upcoming development Buyers are advised to independently verify all development potential with the City of San Diego. Shown by appointment only—please do not disturb tenants. Please contact listing agent for more information - Ivan Del Muro-Garcia| 760-448-2451

    Zillow last checked: 7 hours ago

    Listing updated: June 05, 2025 at 11:13am

    Source: CRMLS,MLS#: NDP2504610MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,592
    • Total interior livable area: 1,592 sqft

    Property

    Features
    • Entry location: 2
    • Pool features: None
    Lot
    • Size: 0.33 Acres
    • Features: 26-30 Units/Acre
    Details
    • Parcel number: 5482422600
    • Zoning: RM-2-5
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Community
    • Community features: Dog Park, Golf, Park, Street Lights, Sidewalks, Urban
    Location
    • Region: San Diego

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange,FHA,Fannie Mae,Freddie Mac
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $948,200

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $948,200