A developers dream! Multiple value add opportunities and strong existing income ($9,445 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,018 SF lot, with (3) income generating residential units in the heart of San Diego’s hippest neighborhood, North Park. This property sits within the complete communities area and has a FAR of 6.5. The maximum buildable square feet is 45,617 subject to official approval to allow a complete communities project at this site. Alternatively and due to being fully remodeled, the existing units attract phenomenal renters in the asset’s existing condition. The property is gated from the alley and tenants have the option to close the gate on Illinois for additional privacy. It is turfed with pavers throughout and laundry on site in the back.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Features
: Private
: Electric, Wall/Gravity
: Wall/Window Unit(s)
: Full
: Patio
: Laundry Facilities
1
Appliances
: Dishwasher, Range/Oven, Refrigerator
Address Map
US
CA
SD
Normal Heights
North Park
92116
Illinois
4440-44
W118° 52' 18.4''
N32° 45' 29.4''
Metro Uptown
RM 3-8
Additional Info
South Coast Commercial, Inc.
Additional Information
: Stucco
: Two
3
2
https://www.propertypanorama.com/instaview/snd/240014482
Listing Information
663559
69464
ACTIVE
2024-10-24T21:25:10Z
sdmls
: N/K
7 Bedrooms
3 Bathrooms
2,770
$2,199,000
Listing ID #240014482
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 240014482
Price : $2,199,000
Bedrooms : 7
Bathrooms : 3
Square Footage : 2,770
Year Built : 1940
Status : Active
Full Bathrooms : 3
Property Sub Type : Multi Family
Roof : Composition
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