Description

Rare opportunity to acquire a fully remodeled home with shovel-ready plans for four additional units in one of San Diego's most sought-after coastal neighborhoods, Point Loma. Located at 1933 Chatsworth Blvd, this beautifully upgraded 4-bedroom, 2-bath residence has been extensively renovated with new flooring, designer bathrooms, updated kitchen, modern fixtures, upgraded systems, and fresh interior and exterior finishes throughout. What truly sets this property apart is the fully approved multifamily development opportunity included with the sale. The property comes with stamped and issued building permits for four additional dwelling units (ADUs), allowing a buyer to begin construction immediately. All major development costs have already been paid, including city fees, school fees, sewer fees, and permit fees, saving significant time, uncertainty, and expense. The approved plans create a five-unit compound consisting of the remodeled primary residence plus four additional units: • ADU 1 – 589 SF | 2 Bedrooms | 2 Bathrooms • ADU 2 – 589 SF | 2 Bedrooms | 2 Bathrooms • ADU 3 – 345 SF | 1 Bedroom | 1 Bathroom • ADU 4 – 345 SF | 1 Bedroom | 1 Bathroom With permits issued and development-ready plans in hand, investors and owner-users can skip years of entitlement work and move directly into construction. Opportunities to build new multifamily housing in Point Loma with approved permits already in place are exceptionally rare. Whether you're looking to create a high-income rental portfolio, develop a multigenerational compound, execute a 1031 exchange, or capitalize on San Diego's continued housing demand, 1933 Chatsworth Blvd offers an unmatched combination of immediate value, future upside, and coastal location.