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$ 1,699,000
Est. payment | /mo
5 Beds
4 Baths
6,999 Sqft Lot
$ 1,699,000
Est. payment | /mo
5 Beds
4 Baths
6,999 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 260006178
Bedrooms 5
Full Baths 4
Year Built 1930
Lot Size 6,999 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional value-add and redevelopment opportunity in the heart of North Park. The property is currently a 4-unit property situated on a 7,000 SF lot. Zoned RM-3-9 with approximately 600 SF per unit density, 2.7 FAR, and up to 60 feet of height, and located within both TPA and SDA overlay zones, the site offers significant multifamily development potential. Investors can pursue a near-term value-add strategy by updating units to achieve market-rate rents, with longer-term upside through expansion or higher-density redevelopment. With limited infill land available and ongoing demand for well-located multifamily housing, North Park continues to experience strong rent growth and long-term appreciation. This asset offers investors a flexible strategy to capture near-term cash flow while positioning for future redevelopment in a high-barrier-to-entry market.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM-3-9
Interior
Cooling N/K, Other/Remarks
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 446-411-28-00
Acceptable Financing Other/Remarks
Listing Terms Other/Remarks
Special Listing Condition Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/260006178
Listed by Daniel A Sipher, DRE#02043589 Landmark Multifamily and Development
NEARBY SCHOOL & BUSINESS
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