5649 5649 LaurettaSan Diego, CA 92110

Exceptional investment or redevelopment opportunity in the sought-after Morena District, just minutes from USD, Mission Bay, and Fashion Valley. This 3-bed, 2-bath single-family home sits on a 5,000 sq ft lot with alley access — ideal for ADU additions, redevelopment, or multi-unit potential under San Diego’s Complete Communities program which extends the density to 4.0 FAR or (20,000 sqft). The existing home offers approximately 1,080 sq ft of living space with classic mid-century charm, a detached garage, and a functional layout ready for renovation or re-use. The property’s location, zoning flexibility, and strong rental demand make it a standout opportunity for builders, investors, and small-scale developers alike. Highlights include, flat 5,000 sq ft lot with alley access, zoned for density bonus / ADU potential (verify with city), centrally located near USD, Mission Valley, and major freeways, minutes to beaches, downtown, and top retail centers, strong rental demand and redevelopment upside. Don’t miss this rare chance to secure a property with both short-term income potential and long-term development value in one of San Diego’s fastest-growing submarkets.