3280 Gillette Street ST, San Diego, CA 92102 (MLS # 260018219SD)

Price $850,000
Status Active
Beds 3
Baths 2 Baths
Home size 1,313 sqft
Lot Size 5,128 sqft
Days on Market 2
CITY APPROVED PLANS!!! Rare development opportunity in San Diego's 92102 "” with a rare financing edge. This 3BR/2BA, 1,313 sqft home sits on a 5,129 sqft lot and carries an assumable FHA loan at just 2.75%, a major advantage in today's rate environment. The real value: city-approved plans to build 4 units totaling 3,839 sqft (10 bedrooms, 8 bathrooms). The slowest, riskiest, most expensive phase of any project "” securing city approval "” is already behind you, giving builders and investors a clear head start toward execution and after-repair value. Hold or rent the existing home while you plan, or move straight to construction. Ideal for developers, investors, and value-add buyers seeking scale in a supply-constrained market. Buyer to independently verify all plans, permits, and development rights with the City. Assumption subject to lender approval and buyer qualification.
Property Type(s): Single Family
Last Updated 7/24/2026 Tract San Diego
Year Built 1955 Community 92102 - San Diego
Garage Spaces 8.0 County San Diego

Additional Details

AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Microwave, Refrigerator
AREA 92102 - San Diego
CONSTRUCTION Stucco
GARAGE Yes
HEAT Electric, Natural Gas
LOT 5127 sq ft
LOT DIMENSIONS 5129
PARKING Driveway, Other
POOL DESCRIPTION None
STORIES 1
SUBDIVISION San Diego
UTILITIES Water Available

Location

Listed with Real Broker

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