RD Dev Properties LLC Acquires 0.16-Acre San Diego Development Site For $1.6M

A 0.16-acre land parcel located at 3971 Georgia Street in San Diego was recently sold for $1.6 million. The property, which includes a duplex, was listed and sold by Marcus & Millichap. The sale price equates to $229 per square foot, with a total building square footage of 6,998. The property is situated in a Qualified Opportunity Zone and is zoned as RM-3-7.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,600,000
• Address: 3971 Georgia Street, San Diego
• Market: San Diego
• Asset Type: Development Site
• Acres: 0.16

Aaron Bove and Jared Wallach of Marcus & Millichap represented the buyers, RD Dev Properties LLC, in this transaction.