Offered at $2,850,000-$2,950,000, 4637 Del Mar Ave is unlike anything else available on the market. Not only is it a fully upgraded home on an over-sized view lot, it is the ultimate development opportunity to bring additional housing units to one of San Diego’s most desirable neighborhoods where space is at a premium. This rare, south-facing 10,500s.f. ocean-view lot with pool offers Owners/Users/Investors and Developers an existing fully renovated home AND being sold with approved, ready-to-issue plans to build 12 additional ADU’s. Buyers can pull permits and start construction with no further city permit approvals needed - just the issuance fees - to transform this single-family residence into a lucrative 13-unit powerhouse. The existing home is perched high on the hill with views of the ocean to the south and west. Filled with coastal character, it offers 3-beds, 2-baths plus an oversized optional 4th bedroom off one of the two rear decks with coastal views. (The home is 1384sq.ft. on tax records and the remainder of the estimated listed square footage is in the optional 4th bedroom/bonus room). The home features a sparkling kitchen with stainless steel appliances and tasteful backsplash, crystal clear dual pane windows, full-size laundry room, mini-split AC/heating units throughout for maximum comfort/efficiency, modern bathrooms and large primary suite with a walk-in closet and direct access to one of the viewing decks. Oh, and don’t forget about the pool for fun in the sun without having to go to the beach! The fully approved, ready-to-issue plans are for 12 additional 1BR/1BA 435s.f. ADU units to be built on the back portion of the property, for 5,220s.f. of new living area composed of 6 duplex structures. These plans include space for approximately 4-5 dedicated parking spaces off the alley as well. This could be the ultimate development or 1031 opportunity - while also providing affordable housing to the community. Just minutes to iconic Sunset Cliffs, the OB Pier, and Liberty Station - do not let this premium coastal development property slip away!
Based on the average sale price from the Temecula, CA office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
4637 Del Mar San Diego, CA is a Single Family Home for sale at $2950000 with 1573 sqft and a lot size of 0.241 Acres Acre(s). 4637 Del Mar San Diego has 3 bedrooms, 2 baths and was built in 1951. The property's zip code is 92107 which is in San Diego, CA
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.