3280 Gillette Street
Property Overview
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.
Home Details
- Property type
- Residential - Single Family Residence
- Year built
- 1955
- Living area
- 1,313 sq ft
- Lot size
- 5,129 sq ft
- Parking
- 16 spaces
- Garage
- 8 spaces
- Stories
- 1
- Days on market
- 1
- Full bathrooms
- 2
- MLS status
- Active
Features & Amenities
Appliances
- Dishwasher
- Disposal
- Microwave
- Refrigerator
Parking
- Driveway
- Other
Pool
- None
Community, Schools & Utilities
Community
- Subdivision
- San Diego
Utilities
- Heating
- Electric,NaturalGas
- Cooling
- SeeRemarks
Location & Neighborhood
Frequently Asked Questions About 3280 Gillette Street
Property type: Residential
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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