7107 Saranac Street

We are pleased to present the opportunity to acquire Saranac Ridge, nearly two (2) acres of residentially zoned land composed of a 72,759 SF vacant lot and a 10,454 SF lot covered with a single family home. The property is located on Saranac Street in the San Diego County submarket of La Mesa, nearby to SDSU and located just off the trolley line. Saranac Ridge is only a few minutes west of the historical La Mesa Village and is a ten-minute walk from the 70th Street Trolley Station. Additionally, the property is approximately two miles from Sharp Grossmont Medical Center, the largest medical complex in east San Diego County, employing 2,700 people. San Diego State University, with 37,500 students and 6,500 employees, is also located just 1.5 miles west of Saranac Ridge and is directly accessible from Interstate 8. The property’s location is both convenient to local amenities and yet still very residential in feel, helping attract a tenant profile of young professionals and families. Saranac Ridge boasts an attractive 83,213 square feet of developable land, making it one of the largest land offerings in La Mesa. Zoned RM-3, the base density at the site is one (1) dwelling unit per 2,420 SF of land, however, various density bonuses offered in section 24.05.025 D of the La Mesa Municipal Code along with California state affordable housing bonuses, provide options for increased density at the site.