According to the MLS listing, the lots are zoned RH-2 and could be developed into as many as 10 units.
In checking this out I was surprised to see there are 39 other listings for vacant land within the City ranging in price from $64,000 for a single lot on Bache St. on the southern crest of Bernal Hill to $5,000,000 on 6th Street just south of Folsom which could hold as many as 38 units.
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