$1,095,000
$65K PRICE DROP

330 Willie James Jones Ave San Diego, CA 92102

Lincoln Park Neighborhood

Estimated payment $7,061/month

Total Views 39,304
6 Beds
5 Baths
2,518 Sq Ft
$435 Price per Sq Ft

Highlights

  • RV Garage
  • Cul-De-Sac
  • Community Barbecue Grill
  • City Lights View
  • Security System Owned
  • Laundry Facilities

About This Home

Located in the heart of Lincoln Park, 6BD 4.5BA versatile duplex offers significant development potential just minutes from downtown San Diego and major highways. The property features a 5-bedroom, 3-bathroom unit and a separate 1-bedroom, 1.5-bathroom apartment, providing immediate rental income and tenant flexibility. Zoned for up to 65 buildable units and included in the Complete Communities Tier 3 program, this lot presents a rare opportunity for investors to capitalize on San Diego's growing housing demand. This ±10,471 SF development site in Lincoln Park offers a prime investment opportunity with a current income of $3,850 per month from an existing duplex while being ideally positioned for substantial future growth. Zoned RM-3-7 and included in the Complete Communities Tier 3 program with a 6.5x FAR, the property allows for up to 65 buildable units totaling 68,061 SF. Lot dimensions are 71’ x 150’ with efficient setbacks of 10' (front) and 5' (rear), and a height limit of 40 ft or up to 7 stories. Located within an Opportunity Zone, it offers tax benefits and is designated in a “Sustainable Development Area,” making it attractive for high-density, eco-friendly projects. With easy access to I-805 and SR-94 and a current CAP rate of 2.79%, this site stands out as a compelling investment in a rapidly evolving neighborhood. The property is constructed with a wood frame and stucco, offering seven parking spaces. It is zoned RM-3-7, allowing for residential multi-unit development and inclusion in the Complete Communities Tier 3 program, which supports potential future redevelopment. The site is part of a sustainable development area and is located in an Opportunity Zone, providing potential tax benefits. Additionally, the property has been upgraded over the years to enhance its appeal and functionality.

Listing Agent

Alexander Ciullo

Pacific Sotheby's Int'l Realty License #02012544 Listed on: 04/11/2025

Pacific Sotheby's Int'l Realty

Co-Listing Agent

Andrew Hooks

Pacific Sotheby's Int'l Realty License #02186953

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 10,471 Sq Ft Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Level Lot

Parking

  • RV Garage

Home Design

  • Concrete Roof
  • Stucco Exterior

Interior Spaces

  • Wired For Data
  • City Lights Views
  • Security System Owned

Eco-Friendly Details

  • Sprinkler System

Schools

  • San Diego Unified School District Elementary And Middle School
  • San Diego Unified School District High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 548-130-25-00

Community Details

Overview

  • 2 Units
  • Wjj Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Recreational Area

Pet Policy

  • Breed Restrictions

Building Details

  • Net Operating Income $40,012

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Imperial Ave
  • Neighborhood: Lincoln Park
  • Supplement: The property is constructed with a wood frame and stucco, offering seven parking spaces. It is zoned RM-3-7, allowing for residential multi-unit development and inclusion in the Complete Communities Tier 3 program, which supports potential future redevelopment. The site is part of a sustainable development area and is located in an Opportunity Zone, providing potential tax benefits. Additionally, the property has been upgraded over the years to enhance its appeal and functionality.
  • LP / Sq Ft: 14.88
  • Miscellaneous: Dog Run, Hdicap/Whlchair, Value in Land
  • Year Built: 1940
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood/Stucco
  • Fencing: Full
  • Roof: Concrete
  • View: Evening Lights

Garage/Parking

  • Parking for RV: Garage, Hook-ups, On-Site Parking, Potential Space

Utilities

  • Cooling: Central Forced Air
  • Security: Eqpt Owned
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Wired High Speed Internet
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: WJJ
  • Pets Allowed: Allowed w/Restrictions
  • Community: SAN DIEGO
  • Complex Features: BBQ, Laundry Facilities, Recreation Area
  • Manager Name: Alexander Ciullo
  • Manager Phone: 619.944.1876

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Irrigation: Drip, Sprinklers
  • Lot Size: 7,500-10,889 SF
  • Site: Cul-De-Sac, Curbs, Public Street, Street Paved
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: RM-4 CCHS3
  • Assessor Parcel Number: 548-130-25-00
  • Estimated Lot Dimensions: 71x148x78x125
  • Estimated Lot Sq Ft: 10471
  • Estimated Number of Acres: 0.24

Rental Info

  • Tenant Pays: Trash, Water, Cable TV, Electricity, Gardener, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 40012
  • Annual Expense Actual: 9188
  • Annual Expense Projected: 9188
  • Gross Rent Multiplier Actual: 23.58
  • Gross Rent Multiplier Projected: 14.0
  • Gross Sched Income Actual: 49200
  • Gross Sched Income Projected: 82800
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $1,095,000 -5.6% $435 / Sq Ft
05/19/2025 05/19/25 For Sale $1,160,000 0.0% $461 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/11/2025 04/11/25 For Sale $1,160,000 +45.0% $461 / Sq Ft
12/30/2021 12/30/21 Sold $799,900 0.0% $318 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $799,900 -- $318 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250024255

San Diego MLS

APN: 548-130-25-00