Residential Building Lots / Land

All our listings are generally sold within 5 business days. If you are an investor or developer interested in purchasing building lots, be sure to contact us so that we can put you on our e-mail list. You will be notified same day when we have a new property!

FOR SALE: Lot - Use: Duplex or SFR/Modular

As Duplex Lot - 40.1% ROI / 16.6% ROC (return-on-cash)
As SFR Lot - Consider Modular Housing!

LOCATION: South of 425 Toyne St, San Diego, CA 92102 (APN: 547-102-27-00)

Property Details — ALL REASONABLE OFFERS CONSIDERED

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Access:
- 1 block South of Market St
- 4 blocks West of Hwy 805


Services Available:
- Water (stubbed in)
- Sewer (stubbed in)
- Electricity
- Natural Gas
- Cable


Note: chain-link fences are inside the property boundaries and can be removed without issue.


Development Examples


Duplex Concept   Move-On Concept

1,200 sf per unit
(4 bdrm / 2 bath)



Income Potential


$ 57,600 Gross Income *
     1,728 Vacancy (3%)
     8,640 Mtnce (15%)

$ 47,232    Net/Year
$   3,932    Net/Month
       16.6% ROC


Project Cost


$115,000 Lot Cost
  144,000 Const Cost ($60/sf)
    25,000 County Fees, etc

$284,000 Total Cost


Profit Potential


$425,000 Sales Price
    27,000 Less: Sales Cost (6%)
  284,000 Less: "Total Cost"

$114,000 PROFIT (40.1% ROI)


 

2 Modulars
885 sf & 828 sf

* Section 8 - Government pays $2,000 per month/unit, each tenant pays $400/month. Special financing & grants available to build low-income housing through banks, HUD, and community redevelopment.


 

Contact

Bill Eatock, Broker
H. William Eatock Realty
(858) 877-3356

3960 W Point Loma Blvd Ste H-302, San Diego, CA 92110-5643
CA Dept of Real Estate, Real Estate Broker 01269417

Recent Sales

Zip Code Location Sale Date Sales Price Zoning Lot Size (sf) Building
Potential
Market
Time
92037 366 Playa Del Norte 06/15/12 $800,000 R-2 5,201 Duplex  
92102 Toyne St 99/99/13 $000,000 R-2 5,898 Duplex TBD
92102 Cereza St 01/25/13 $124,950 R-2 10,197 4-Plex 7 days
92102 G St 07/31/12 $145,000 R-3 10,889 4-Plex  
92104 3150 Maple St 05/23/12 $280,000 R-1 3,800 SFR  
92105 3020 Central Ave 02/21/13 $10,000 R-2 14,000 4-Plex  
92106 Poinsettia Dr 02/28/13 $375,000 R-1 7,501 SFR  
92106 Jennings St 05/10/12 $121,000 R-1 3,123 SFR  
92107 Mendocino Blvd 07/19/12 $100,000 R-1 5,750 SFR  
92107 4538 Del Monte Ave 06/21/12 $250,000 R-1 5,249 SFR  
92110 1244 Gertrude St 06/01/12 $150,000 R-1 6,251 SFR  
92113 321 S Bancroft St 10/24/12 $31,500 R-2 3,920 Duplex  
92113 1465 S 45Th St 09/27/12 $180,000 R-2 6,146 Duplex  
92113 325 Saint Rita Ct 07/24/12 $335,000 R-1 5,097 SFR  
92114 Los Angeles Pl 01/28/13 $42,500 R-1 5,811 SFR  
92114 Imperial Ave 12/21/12 $46,500 R-2 7,980 Duplex  
92114 1515 Republic St 04/19/12 $32,000 R-1 11,905 SFR  
92114 2055 Swan St 03/16/12 $33,000 R-1 14,397 SFR  
92119 Rowena St 11/19/12 $50,000 R-1 6,186 SFR  
92121 5947 Shaw Lopez Row 11/20/12 $960,000 R-1 7,797 SFR  
92173 251 Cypress Dr 11/21/12 $500,000 R-2 10,920 4-Plex