Description: Variance granted Commercial Res Income. Presenting a unique investment opportunity in the coveted Hillcrest complete community zone of San Diego. This versatile property features five distinct units, offering a blend of historical charm and modern potential. Property Features: Single Family Home: A charming 3-bedroom, 1-bathroom home built in 1932. This residence has character and so much potential, though it is in need of some loving care to restore its former glory. Duplex: Two spacious 1-bedroom units, perfect for rental income or extended family living. Newly Permitted ADU Units: Two studio Accessory Dwelling Units (ADUs) that add additional rental income/living spaces to the property. The total living space across all units is 2,062 square feet, situated on a generous 5,199 square foot lot with dimensions of 40' x 130'. The property also holds significant development potential, with a Floor Area Ratio (FAR) of 8.0 allowing potential for up to 14,040 square feet of future development. Located in the heart of Hillcrest, this property enjoys a vibrant, central location with easy access to shopping, dining, and entertainment. The area’s dynamic community and desirable amenities make this a prime spot for investment. Whether you’re looking to generate rental income, undertake a redevelopment project, or restore the existing structures, this property offers a multitude of opportunities for savvy investors. Don’t miss out on this exceptional opportunity to own a piece of Hillcrest with endless potential. Contact us today for more information and to schedule a viewing.