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5488 New Mills Rd , San Diego, CA 92115
$699,999
Est. Payment: $3,818.28/mo
1.02 Acres
Status: Active | Days on site: 77
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14477 - 104025
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Chris Heller
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House Description

Sellers are motivated - Article in Times of San Diego Nov 2025 highlight meaningful housing boom for SDSU neighborhood - https://timesofsandiego.com/politics/2025/11/24/san-diego-college-area-community-plan-housing-sdsu/. With College Area Community Plan approved, this parcel has the potential to allow 5-9 dwelling units per acre pending city approval of submitted plans. Discover an exceptional investment opportunity in the College Area near SDSU! Nestled 1.1 miles walking from the campus, this prime real estate is brimming with potential for development and subdivision. The parcel has long been envisioned as an investment property. Now is the perfect moment to seize this rare opportunity and transform this property. Email ryan@robconrealty.com for the marketing packet that provides more details and photos of designs rendered in 2023. Details about the property: -Current owners worked with a construction company with limited scope to determine building options for single family and ADU/Junior ADU - More units can (and should) be explored via subdivision -Topography of ~1 acre parcel includes ~0.3 acres of flat land on the bottom level, 0.3-0.4 acres of slope among the property, and another 0.2-0.3 acres of flat land on top level -A previous workshop sits on the property that can be used for garage/storage space -There is an open drainage that can be filled -Please review private remarks
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Highlights

Listed by Jeffrey Hawkins , 760-822-5384 Robcon Realty , 760-726-1212. CRMLS/Multi-Regional MLS mls logo

Property Type

Vacant Land
Lot/Acreage
1.02

County

San Diego

Area

92115 - San Diego

Listing ID

NDP2605795

Questions about this listing?

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Interior Features

Water:See Remarks

Exterior Features

Lot:Cul-De-Sac,Lot Over 40000 Sqft,No Land Lease
Lot Dimensions:1.02 acres
Garage Capacity:0
Zoning:RS-1-7
Others:
  • ▪ Additional:Has ADU
Sewer:None
Principal Interest
$3,818
Taxes
$446

Home Price

$699,999

Loan Details

30 yrs
7.245%

Down Payment

20%
$140,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,818.28

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,818.28 $446.25 $0.00 $4,264.53
Yearly $45,819.39 $5,354.99 $0.00 $51,174.39
Total $1,374,581.78 $160,649.77 $0.00 $1,535,231.55

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-05T05:14:44.000Z

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