5649 Lauretta St, Old Town, CA 92110

Property Description

Presenting a rare development opportunity in the highly sought-after neighborhood of Morena! This charming 1956 single-family coastal bungalow sits on a 5,000 SF lot with alley access and a detached garage — ideal for maximizing density under San Diego’s Complete Communities program. The site is zoned RM-3-7, and with no density cap under Complete Communities, developers can achieve up to 4.0 FAR, allowing for approximately 20,000 SF of buildable area — provided that approximately 15% of base density units are designated affordable housing. Strategically located within walking distance of the University of San Diego and just minutes to Mission Bay, Mission Hills, and Mission Beach, this site offers seamless freeway access to both the 5 & 8 for an easy commute and connection to San Diego’s premier recreational amenities — including hiking, biking, boating, surfing, and fishing. Whether you’re a developer ready to capitalize on the zoning incentives or an investor seeking long-term value, this is a property with significant upside potential. Don’t miss this coastal infill opportunity in one of San Diego’s growth corridors.