5858 Riley St, Old Town, CA 92110

$1,150,000
3
BD
1
BA
1,066
SqFt

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List Price
$1,150,000
Days on Market
32
Status
ACTIVE
MLS#
260015493
Bedrooms
3
Bathrooms
1
Living Sq. Ft
1,066
Lot Size(apprx.)
5,017
City
Old Town
Neighborhood
Morena
Property Type
Single Family Residential
Year Built
1956

Property Description

Prime infill development opportunity blocks from USD. This RM-3-7 lot sits in a Sustainable Development Area and qualifies for the City’s Complete Communities Housing Solutions program, with preliminary plans submitted to the City for up to 23 units. Rear alley access opens up parking and site design flexibility that street-only lots can’t match. Add the program’s FAR and density bonuses, plus a ministerial path that can avoid discretionary review, and this is a rare entitlement play in a transit-served pocket of Linda Vista. Walk to a Trolley stop under a mile away, with quick access to Mission Bay, the beaches, Riverwalk Golf Club, Fashion Valley, and UTC. The existing mid-century home features original wood flooring, open beam ceilings, and wood-cased windows with strong natural light from its southern exposure, ideal income while you entitle.

Additional Information

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City
Roof
Composition
Cooling
Central Air
Laundry
Electric Dryer Hookup
Heat Source
Gravity
Parking Garage Spaces
4

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Kyle Whissel (619-618-7997) from Listing Office: eXp Realty of California, Inc..

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