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Ida AveSolana Beach, CA 92075
Ida Avenue - Solana Beach, CA
Asset ClassLand
Land0.94 Acres
Premier Solana Beach Residential Development Opportunity | Potential for 18 Townhomes or 8 Single-Family Homes
overview of deal

Overview

The subject property is a ±0.94-acre vacant residential development site located on Ida Avenue in Solana Beach, one of coastal San Diego County’s most premier and highly sought-after communities. The property benefits from convenient access to Interstate 5, nearby beaches, top-rated schools, restaurants, shopping, and major employment centers throughout North County.

 

Zoned Medium High Residential, the site offers flexibility for multiple residential development concepts. Based on preliminary analysis, the property may accommodate approximately 18 townhomes through a density-bonus approach or approximately eight single-family homes, subject to city approval. The site was previously approved for an eight-unit multifamily project; however, those entitlements have since expired.

 

With its coastal location, limited availability of developable land, strong residential demand, and proximity to Del Mar, Cardiff-by-the-Sea, and Encinitas, the property represents a compelling opportunity to create new housing in one of San Diego’s most desirable coastal markets.

Investment Highlights

  • ±0.94-acre vacant residential development opportunity in premier Solana Beach, one of coastal San Diego County’s most desirable and highly sought-after communities.
  • Offered at $3,295,000 with potential for approximately 8 single-family homes by right or 18 townhomes through state density-bonus law
  • Located west of Interstate 5 near beaches, shopping, dining, schools, the San Dieguito Lagoon, and the Del Mar Fairgrounds.
  • Recent Solana Beach single-family home sales averaged approximately $5,425,800, or $1,542 per square foot, with sales reaching up to $8,495,000.
  • Recent Solana Beach townhome and condominium sales averaged approximately $2,730,000, or $1,446 per square foot, with sales reaching up to $3,515,000.
  • Rare opportunity to create new housing in a supply-constrained coastal market with strong demand, limited developable land, and exceptional lifestyle amenities.
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Ida AveSolana Beach, CA 92075
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