1548 S 43rd St. 46, LOGAN HEIGHTS, CA

$995,000

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About 1548 S 43rd St. 46

We are pleased to present 1548 S. 43rd Street, a fully entitled development project that could potential yield 21-units, located in the neighborhood of Shell Town, San Diego. Located just Southeast of Downtown San Diego, the 0.26-acre property is currently a single-family home situated on approximately 11,427 square feet of lot area. The entitlements are for nine (9) 3 bedroom / 2 bathroom floorplans averaging 1,123 square feet, three (3) 2 bedroom / 1 bathroom floorplans averaging 839 square feet, five (5) SROs that can be configured into studio or one bedroom floorplans averaging 487 square feet, and three additional spaces that could be converted into ADUs averaging 621 square feet. Additionally, one of the three-bedroom units is designated as a low income. Shell Town is rich in cultural heritage, and burgeoning potential, and the asset is ideally located less than seven minutes from the heart of Downtown San Diego, a Tier-1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. Coupled with an overall well-designed economic expansion of Downtown San Diego, the new community plan will bring major positive implications in the submarket over the next few decades.

Features of 1548 S 43rd St. 46

MLS® # 240002427
Price $995,000
Acres 0.00
Type Lot / Land
Status ACTIVE

Community Information

Address 1548 S 43rd St. 46
Area LOGAN HEIGHTS (92113)
Subdivision Shell Town
City LOGAN HEIGHTS
County San Diego
State CA
Zip Code 92113

Amenities

Utilities N/K
Is Waterfront No

Additional Information

Date Listed January 24th, 2024
Days on Market 89
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Office Marcus & Millichap

Price History for MLS #240002427

Date Details Change
Price Reduced from $1,195,000 to $995,000 ↓ $200,000 (16.74%)
Price Reduced from $1,350,000 to $1,195,000 ↓ $155,000 (11.48%)

Listing Map

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