000 Leghorn Ave. #000 San Diego, CA 92114

The Leghorn property is currently divided into 9 legal lots. Buyer could process lot line adjustments to reorganize the layout of the parcels to achieve buildable lots. Under the current zoning the lots must be a minimum of 5,000 SF. Alternatively a buyer may process a density bonus project and achieve a greater number of lots. That yield would be constrained by the pad area and not by the paper calculation. Resale homes in the area average 1,400 square feet and are trading in the high 700’s. The property does have a known code violation for undocumented fill. The Seller has been working with the City to address the issue and a bid can be shared upon request that provides a grading solution and cost estimate for that work. Suggested sales price is reflective of the cost of that remediation.