235 37 S Willie James Jones Avenue, San Diego, CA 92113 (MLS # NDP2504610)
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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
| DAYS ON MARKET | 1 | LAST UPDATED | 5/9/2025 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Logan Heights |
| COUNTY | San Diego | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | Logan Heights |
|---|---|
| HOA DUES | 0 |
| LOT | 0.33 acre(s) |
| LOT DESCRIPTION | 26-30 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| ZONING | RM-2-5 |
TOTAL MONTHLY PAYMENT
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