Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Lot size

458,251 sqft

Year built

1932

Stories

1

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

48

MLS #

245415403

About this property

A short distance away from the city center is a rare, near turn-key development or retail investor opportunity in Alpine's fastest-growing corridor. This 10.52± acre property carries a Tentative Map for up to 30 residential lots, currently planned as a 26-lot custom home subdivision. Extensive engineering and due diligence are already complete, cutting the time, risk, and soft costs standing between purchase and construction. Alpine continues to draw buyers seeking spacious, custom homes with access to nature while staying connected to major commuter routes, supporting strong long-term demand and appreciation in this established growth pocket. The property also cash-flows today: existing rental units (up to 4) generate monthly income through the planning and entitlement process. A historic grove of 375+ mature, 100-year-old Mission olive trees and a high-producing private water well add further income potential and lifestyle appeal. Minutes from downtown Alpine, shopping, dining, and freeway access, with Wright's Field hiking and equestrian trails nearby. Entitlement progress, income in place, water rights, and a signature natural setting, a compelling package for developers, investors, and owner-builders ready to create Alpine's next standout residential community.

Location

6 S Grade Rd

Alpine, San Diego, CA, 91901