Listing provided courtesy of Keegan Wetzel of Real Broker. Last updated . Listing information © 2025 Sandicor.
Asking Price: $850,000
3280 Gillette Street, San Diego CA 92102
Community: grant hill
This Residential property was built in 1955 and is priced at $850,000. Please see the additional details below.
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.
