San Diego-based KD Development Inc. has acquired an Oceanside land parcel for $2.25 million, with plans to develop multi-level, for-sale townhomes, according to brokerage company Lee & Associates.

The seller of the 18,000-square-foot vacant property, at 1909 S. Myers St. in the city’s St. Malo neighborhood, was Cornerstone Communities of San Diego, represented by Lee & Associates’ Matt Weaver, Al Apuzzo and Patrick Miller. The buyer was represented by Marc Cicchetto.

Brokers said the buyer plans to develop the land into multi-level townhomes, each up to 3,008 square feet. The property has a city-approved tentative map for six large row homes.