1235 41 Hueneme St

San Diego, CA 92110 Active for $2,500,000

Overview
Map & Location
Median Values
Schools & Score
Property History
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Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 14,348 sqft

Property Facts

MLS	240025978SD
Year Built	1957
Property Type
County	San Diego
Status	Active
Active	$2,500,000
Structure Size	N/A sqft
Lot Size	14,348 sqft
Beds	N/A
Baths

Description

Luxury Live Auction! Bidding to start from $2,500,000! This incredible investment property, located at 1235-1241 Hueneme Street, offers breathtaking, unobstructed ocean views from most units due to its elevated position above the surrounding neighborhood. Boasting a 14,348 SF lot directly across from the University of San Diego, this property combines a prime location with remarkable views spanning from Mission Valley to Mission Bay. Currently, four residential income units are on-site, three of which have been beautifully upgraded with modern flooring, sleek baseboards, granite countertops, and stainless steel appliances, adding a touch of luxury to each. Each unit also includes a spacious, private patio—some with stunning views—providing residents a peaceful retreat. With ample parking and proximity to USD, this property is highly appealing to renters, ensuring steady demand and low vacancy rates. For investors eager to maximize potential, the high-density multifamily zoning under the Complete Communities 4.0 FAR overlay creates an exciting opportunity for development. As per the seller, expansion to a total of 35 units—comprising 28 two-bedroom and 7 three-bedroom layouts—is possible, along with an 80-space parking structure. This unique combination of privacy, panoramic views, and a prime location makes this property an ideal choice for investors seeking both immediate income and significant long-term growth potential.

Listing information courtesy of: Jesse Salas, Harcourts Prime Properties 619-980-0883. *Based on information from the Association of REALTORS/Multiple Listing as of 11/24/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.