229 Cottonwood Road, San Ysidro, California 92173, San Ysidro, - bed, bath

home-pic
ACTIVE$600,000
229 Cottonwood Road, San Ysidro, California 92173
2Beds
1Bath
672Sqft
9,507Lot
Year Built
1940
Close
-
List price
$600K
Original List price
$750K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25019064
Home ConditionTear down
Features
ViewNeighborhood

About this home

Investment & Development Opportunity in San Ysidro! Don’t miss this rare gem—a 2-bedroom, 1-bath home on a large, flat lot, boasting incredible development potential! With an additional unpermitted studio featuring a private bathroom and kitchenette, this property is perfect for creative investors or developers seeking a valuable project. Key Features: ? R-2 Minor Multiple Zoning – Ideal for multi-unit development. ? Comparable properties nearby with 6–8 units—imagine the possibilities! ? Flat, even-level lot—prime for building. ? Located in the heart of San Ysidro, near major amenities, transit, and schools. Whether you're looking to maximize rental income, develop multi-family units, or secure a strategic investment, this property is your opportunity to build big! ?? Buyers are encouraged to verify building permits with the City of San Ysidro or San Diego County. ?? Don’t wait—opportunities like this are rare and won’t last long!

Price History

Date
Event
Price
11/01/25
Price Change
$600,000
02/18/25
Listing
$750,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (16 Listings)
Beds23
12%
Baths12
24%
Square foot6721,472
6%
Lot Size9,5076,090
65%
Price$600K$722K
18%
Price per square foot$893$493
94%
Built year19401977
6%
HOA
Days on market259147
88%
Condition Rating
Tear down

The property was built in 1940, making it 84 years old. The listing description heavily emphasizes 'Investment & Development Opportunity,' 'R-2 Minor Multiple Zoning,' and being 'prime for building,' indicating that the value lies primarily in the land and its redevelopment potential, not the existing structure. There is no mention of any renovations or updates to the home, and the presence of an 'unpermitted studio' suggests potential structural or legal issues. Without any images of the actual property (the provided image URLs are generic stock photos), and given the age and the strong focus on development, it's highly probable the existing structure is considered beyond repair for typical residential use and would likely be demolished for new construction.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9507, living area = 672.
Development Potential: Zoned R-2 Minor Multiple, the property offers significant potential for multi-unit development, with comparable properties supporting 6-8 units.
Generous & Buildable Lot: A large, flat 9,507 sqft lot provides an ideal foundation for new construction or expansion.
Strategic Location: Situated in the heart of San Ysidro, offering convenient access to major amenities, public transit, and schools.
Significant Price Adjustment: A substantial price reduction from $750,000 to $600,000 presents a more attractive entry point for investors.
Investment-Ready Asset: Marketed specifically as an investment and development opportunity, appealing to developers and those seeking rental income maximization.

Cons

Unpermitted Structures: The property includes an unpermitted studio, which may require costly legalization or removal, posing a compliance risk.
Outdated Existing Structure: The 1940-built 672 sqft home is likely in need of extensive renovation or demolition, adding to development costs.
Extensive Due Diligence Required: Buyers are explicitly advised to verify building permits, indicating potential complexities and the need for thorough investigation.

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