Multifamily Development opportunity on these vacant lots totaling 12,040 SF, Zoned CN-1-4, benefiting from the Complete Communities Zoning overlay allowing you to build up to 105 units! The overlay permits expanded construction beyond standard zoning, and included are plans that are getting approved for 18 units with a very generous unit mix with the foundation permit already approved! The flat/level terrain simplifies development and the two existing structures—a 2 bed, 1 bath home and a detached 2-car garage—only give you more opportunities to develop! Positioned for growth, this property promises a lucrative venture in a high-potential locale. Multifamily Development opportunity on these vacant lots totaling 12,040 SF, Zoned CN-1-4, benefiting from the Complete Communities Zoning overlay allowing you to build up to 105 units! The overlay permits expanded construction beyond standard zoning, and included are plans that are getting approved for 18 units with a very generous unit mix with the foundation permit already approved! The flat/level terrain simplifies development and the two existing structures—a 2 bed, 1 bath home and a detached 2-car garage—only give you more opportunities to develop! Positioned for growth, this property promises a lucrative venture in a high-potential locale.
This property is $493.7K more than the Median Sold Price in San Diego, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #230022320SD
Listing Office:
Office Name: eXp Realty of California, Inc.
Office Phone: (888) 584-9427
Listing Agent: Voltaire Lepe
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 11:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$704
$55,157
2020
$704
$54,592
2019
$648
$53,523
2018
$649
$52,475
2017
$633
$51,447
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,050
Per Month
Principal & Interest
$6,983
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,261
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Chollas/Mead Elementary School
401 North 45th St
Distance between this listing and this school0.48 miles
Public District Grades PK-5
Middle School
4
/10
Millennial Tech Middle School
1110 Carolina Ln
Distance between this listing and this school1.04 miles
Public Magnet Grades 6-8
High School
2
/10
Lincoln High School
4777 Imperial Ave
Distance between this listing and this school0.90 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Chollas/Mead Elementary School
401 North 45th St
Distance between this listing and this school0.48 miles
Public District Grades PK-5
Nearby Schools
3
/10
Baker Elementary School
4041 T St
Distance between this listing and this school0.90 miles
Public District Grades PK-5
5
/10
Rowan Elementary School
1755 Rowan St
Distance between this listing and this school1.03 miles
Public District Grades KG-5
Assigned Schools
4
/10
Millennial Tech Middle School
1110 Carolina Ln
Distance between this listing and this school1.04 miles
Public Magnet Grades 6-8
Nearby Schools
2
/10
Holly Drive Leadership Academy
4801 Elm St
Distance between this listing and this school1.11 miles
Public Charter Grades KG-8
3
/10
Knox Middle School
1098 S 49th St
Distance between this listing and this school1.34 miles
Public District Grades 6-8
Assigned Schools
2
/10
Lincoln High School
4777 Imperial Ave
Distance between this listing and this school0.90 miles
Public Magnet Grades 9-12
Nearby Schools
5
/10
Gompers Preparatory Academy
1005 47th St
Distance between this listing and this school0.79 miles
Public Charter Grades 6-12
7
/10
The O'Farrell Charter
6130 Skyline Dr
Distance between this listing and this school2.42 miles
The neighbors living near this home have an average income of $36,619. Residents of San Diego, CA typically earn between $35k-100k each year. The most common type of family is married, with kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 530 42nd St
What is the listing price of this property?
The listing price of 530 42nd St property is $1,399,000.
What type of property is this?
The property 530 42nd St is land located in San Diego, California, 92102.
Is this property for sale now?
Active Listing: 530 42nd St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 530 42nd St are: Chollas/Mead Elementary School: GreatSchools Rating 6/10Millennial Tech Middle School: GreatSchools Rating 4/10Lincoln High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $704 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 530 42nd St in San Diego, CA and zip code 92102 in the Mount Hope neighborhood. This home sits on a 0.28 acre lot. It has been listed on Rocket Homes since November 14, 2023 and is currently priced at $1,399,000.
While more than 358 listings in San Diego, CA in March 2024 were sold above asking price, there were more than 120 listings sold at asking price, and more than 238 were sold below. The number of listings in San Diego, CA increased by 8.4% between February 2024 and March 2024. Listings spent 19 days on the market in March 2024, and had a median list price of $905,281 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Foot Locker
Burlington
Ross Dress For Less
Little Caesars
White Castle
Jack In The Box
Dodge
Kia
Nissan
Urban Adult Contemporary
Rhythmic Contemporary Hits