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

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SOLD
$1,900,000

California

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Development Site6,255 SF
Sold 10/27/2025
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SOLD

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

4377 Rialto Street

See Similar Deals
Development Site6,255 SF
Sold 10/27/2025
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$303
Total Square Footage:6,255 SF
Transaction Type: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.

Players

James V. Carter
12 deals$60M volume(619) 784-1031
BROKER

Apartment Realty Group (ARG)
BROKERAGE

Details

SOLD
IMAGE: James V. Carter DATE: 10/27/2025 ADDRESS: 4377 Rialto Street MARKET: San Diego ASSET TYPE: Development Site BROKER: James V. Carter (@JamesvCarter) - Apartment Realty Group (ARG) (@ApartmentRealty) SALE PRICE: $1,900,000 BSF: 8,746 ~ PPBSF: $217 SF: 6,255 ~ PPSF: $303 NOTE FROM BROKER: This was a rare, shovel-ready coastal development opportunity located in the Point Loma Neighborhood of San Diego bordering Ocean Beach. Situated on a 6,255sf lot, this project was fully entitled and permits pull for a four-story 16-unit apartment (8,746 sf) complex comprised of Market Rate, Affordable and Visitor-Accommodation Units. James Carter of Apartment Realty Group, Inc represented the seller and had the exclusive listing at the time of the sale. The buyer purchased the property in an all-cash transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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