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Rare turnkey development opportunity featuring fully entitled and already issued permitted approvals. This 0.18-acre parcel in the desirable Rolando Park neighborhood contains an already fully renovated single-family residence with all necessary permits and fees paid for construction of seven new residential units (3,783 SF total) using the ADU bonus program. With permits already in hand, this opportunity drastically reduces entitlement risk and soft costs, allowing developers to move directly into vertical construction on day one. Finished plans call for seven units (6 new) comprising four 1-bedroom/1-bathroom apartments, two 2-bedroom/1-bathroom apartments, and one 2-bedroom/1-bathroom single-family home (existing), projecting $18,000 per month in gross income. Located in the prime Rolando Park neighborhood, the property offers a walkable setting with easy access to San Diego State University, quality retail, dining, and the I-94 corridor. This centrally located San Diego submarket continues to experience persistently high housing demand, positioning this project perfectly for immediate production and strong returns.
| Address |
32 Vista Grande Drive
San Diego, CA 92115 |
| Listing Status | Active |
| Asking Price | $899,000 |
| On Market Date | Oct 20, 2026 |
| Special Listing Conditions | Standard |
| Senior Community | No |
| Previous List Price | $899,000 |
| Price per Sq Ft | $1,115.38 |
| Property Type | Residential |
| Sale or Rent | 0 |
| Rooms | Main Floor Bedroom |
| Square Footage | 806 sq ft (Assessor) |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Levels | One |
| Fireplace Features | None |
| Laundry Location | In Garage |
| Year Built | 1951 |
| Year Built Source | Assessor |
| Property Style | Single Family Residence |
| Attached Property | No |
| Common Walls | No Common Walls |
| Stories | 1 |
| Entry Level | 1 |
| Entry Location | Front |
| Fire Sprinklers | No |
| View | Neighborhood |
| Lot Size | 7,700 sq ft (Assessor) |
| Lot Features | Value In Land |
| Fenced Yard | No |
| Pool Features | None |
| Private Pool | No |
| Total Parking Spaces | 2 |
| Garage Spaces | 1 |
| Attached Garage | Yes |
| Uncovered Spaces | 1 |
| Homeowners Association | No |
| Assessments | Unknown |
| Community Features | Sidewalks |
| Sewer | Public Sewer |
| Cooling | Central Air |
| MLS Area | 92115 - San Diego |
| Directions | Google Maps |
| High School District | San Diego Unified |
| Timeline | Notes |
|---|---|
| Loading listing history… | |
| County | San Diego |
| Assessor Parcel# | 4732620900 |
| Zoning | RS-1-7 |
| Geographic Areas |
Airport Compatibility Zone: Montgomery Field Community College District: San Diego CC |
| Highway Locator |
East of I-15 East of I-5 South of I-8 East of I-805 East of SR-163 South of SR-52 |
| Ocean Distance | 8.6 miles |
| Tax Model | |
| Tract Num | 002762 |
| Platform | CRMLS |
| AOR | North San Diego County |
| MLS Number | NDP2609705 |
| Courtesy of | LPT Realty |
| Listing Agent |
TJ
Kirchoff
619-990-8879 |
https://www.californiatophomes.com/NDP2609705
| Address | Unit | List Price | Status |
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