3204 Imperial Ave

Nestled in the heart of Grant Hill/Stockton, where a sprawling 0.60-acre TOD site at 3204 Imperial Avenue awaits, lies your investment opportunity. This generous 26,030 SF lot, zoned for Residential/Multi-Family use within a Transit Priority Area and an Opportunity Zone, is a prime piece of real estate here in “America’s Finest City!” 3 parcels = APN No. 545-337-09, 545-337-10, 545-337-11 Complete Communities near Commercial Trolley Station; under the Transit Priority Overlay. 3 APNs; 26k square feet; Tier 3 incentives=build up to 169,195 SF. (100+ units? Defer low income requirement by up to 5 years & on a different location; Buyer to verify w city & zoning depts) Opportunity Zone; RM3-7 & RM2-5 zoning = 1 unit per 1,000-1,500 square feet. Growth & development is perfectly staged at 3204 Imperial, presenting an exciting and flourishing future in this burgeoning community. The site’s strategic location offers unmatched access to major transit lines, including bus routes that connect to UCSD Hospital, the vibrant Downtown San Diego, and the 32nd & Commercial Trolley Station, ensuring convenience & accessibility for future residents. A Short <6 mile drive to the highly anticipated CHULA VISTA BAYFRONT MASTER PLAN to include the Gaylord Hotel and Convention Center! The neighborhood’s rich cultural tapestry and family-oriented market, characterized by diverse demographics and a blend of single-family homes & apartments, make it an ideal setting for a multi-generational housing project that can cater to the needs of various family structures. See supplement for more. OPPORTUNITY abounds! This is a not-to-be-missed prospect for those looking to make a mark in the realm of affordable housing within a Transit Priority Area. Develop in a prime location with the potential to construct over 100 units, leveraging the Complete Communities program’s generous Floor Area Ratio of 6.5. (Updated often, so buyer to verify) This opportunity is within a stone’s throw of the 32nd & Commercial Trolley Station, just 800 feet away, under the Transit Priority Overlay. Will soon be within a short distance to the 5 Star Gaylord Hotel and Convention Center which is set to open this Spring, part of the Chula Vista Bayfront Master Plan. This corner lot presents an unparalleled chance to grow & develop in a flourishing central area in San Diego; it includes three parcels with a total combined area of 26,030 square feet. With Tier 3 incentives via Complete Communities, there’s the possibility to build up to 169,195 square feet. Situated in an Opportunity Zone, this property is a golden opportunity for developers, with RM3-7 & RM2-5 zoning allowing for a density of 1 unit per 1,000-1,500 square feet by right. (Professional renderings available by request- for conceptual and for illustrative purposes only.)