James V. Carter Of Apartment Realty Group Represents Seller In $1.9M San Diego Development Site Sale

This property is a development site located at 4377 Rialto Street in San Diego, which has been sold for $1,900,000. The asset comprises a total square footage of 6,255 sf with a building site area of 8,746 sf, resulting in a price per building square foot of $217 and a price per square foot of $303.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,900,000
• Building Square Footage: 8,746
• Price per Building Square Foot: $217
• Lot Square Footage: 6,255
• Price per Square Foot: $303
• Market: San Diego
• Date of Sale: 10/27/2025
• Broker: James V. Carter - Apartment Realty Group (ARG)

James V. Carter represented the seller in this transaction and held the exclusive listing. The project is fully entitled and has received permits for a four-story 16-unit apartment complex comprising market rate, affordable, and visitor-accommodation units. The sale concluded with the buyer purchasing the property in an all-cash transaction.