Category Archives: Real Estate

San Diego Granny Flat handbook – streamlining the construction process

Get the new handbook at: https://www.sandiego.gov/sites/default/files/2019-companion-unit-handbook.pdf

San Diego has created a 42-page granny flat handbook to encourage more property owners to construct such housing units by making the process easier to understand.

Granny flats, which are additional housing units on an existing property, are being viewed in San Diego and across the nation as a way to create more housing without more land or infrastructure.

City officials say granny flats are the fastest and cheapest way to grow the local supply of affordable housing, prompting them to create the handbook so fewer people will be intimidated or confused by the process.

The handbook explains zoning rules, parking requirements, the city’s approval process and the details of a subsidy program the city established last year.

It also covers how to secure a city permit, how far from property lines a granny flat must be built, how the units might affect property taxes, whether a unit can be sold and when the property owner must live on-site.

read more at: https://www.sandiegouniontribune.com/communities/san-diego/story/2019-08-15/san-diegos-granny-flat-handbook-aims-to-eliminate-confusion-encourage-construction

Disclaimer: for information and entertainment purposes only

Bay Park -Planned complex when trolley extented

baypark

Intersection of Clairemont Drive and Morena Blvd.

The proposed residential and retail mid-rise complex that would take over the 3.55-acre parking lot at the intersection of Clairemont Drive and Morena Boulevard in Bay Park represents the future of transit-adjacent housing in San Diego, its developer says.

Wednesday, real estate group Protea Properties pulled back the curtain on Bayview Plaza, a 297,084-square-foot mixed-use project at 2565 Clairemont Drive. The local developer seeks to add 156 mostly market-rate apartments, and 40,000 square feet of retail and restaurant space to the Linda Vista neighborhood that will soon serve as the front porch for the $2 billion Mid-Coast Trolley extension now under construction.

The project, which is being reviewed by city staffers, could open as early as the summer of 2022, and its location overlooking Mission Bay will likely serve as the standout amenity. That’s because, in addition to its coastal vantage point, Bayview Plaza proffers, at least on paper, a live-play-and-ride-transit-to-work lifestyle independent of cars — although resident and transit-rider parking will be available.

read more at: https://www.sandiegouniontribune.com/business/growth-development/story/2019-08-13/bay-park-apartment-complex-transit-development

disclaimer: for information and entertainment purposes only

20% of San Diego Listings had price reductions

More than 20 percent of homes for sale in the San Diego metropolitan area had a price decrease in June.

Of the 20 biggest metro areas in the nation, San Diego had the sixth most price reductions, said data provided by Zillow. Chicago had the most reductions at 22 percent.

The numbers are down from the end of last year in San Diego metro. In October 2018, 27 percent of home listings had price reductions. Still, recent numbers are a far cry from the start of 2017 when fewer than 8 to 9 percent of listings had a price reduction.

Real estate agents say changing attitudes of sellers and buyers have created a tougher home market for all parties, even though there are still signs of a strong market.

read more at: https://www.sandiegouniontribune.com/business/real-estate/story/2019-08-14/more-than-20-percent-of-san-diego-homes-had-price-reductions-in-june

disclaimer: for information and entertainment purposes only