This is a unique opportunity to own eight extensively renovated 500sf 1 Bed 1 Bath units in the premier North Park neighborhood of San Diego CA. Units are fully appointed with in-unit washer dryer, 2 zone mini-split ac units, vinyl plank floors, recessed lighting, ceiling fans, modern kitchen and bathroom finishes. Tenants enjoy Private balcony/patio space and dedicated onsite parking for each unit. The site is gated with a code lock. The building is all electric and has upgraded electrical subpanels. The building was constructed in 1977 and Renovated in 2020. Lot size is 6,974. Improved Space: 3,906 per title. Site offers desirable high density RM-3-9 Zoning (allows 1 dwelling per 600sf) which could open construction opportunity in the rear lot space. Up to 100% density bonus is allowed with deed-restricted units. Site is within Complete Communities FAR Tier 3 (6.5 FAR) and within Mobility Zone 2. These favorable zoning designations allow for increased density, waivers for development impact fees, and reduced parking requirements. This is an opportunity to entitle functional space while maintaining units for cash-flow.
- Heating System:
- Wall
- Cooling System:
- Wall/Window
- Parking:
- Spaces
- Flooring:
- Slab
- Laundry Features:
- Owned
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Zipcode:
- 92104
- Street:
- Alabama Street
- Street Number:
- 3968
- Longitude:
- W118° 51' 25.9''
- Latitude:
- N32° 44' 59''
- Mls Area Major:
- Metro Uptown
- Zoning:
- RM-3-9
- Office Name:
- Zakkout Real Estate Services
- Agent Name:
- Aziz Zakkout
- Building Size:
- 4000
- Construction Materials:
- Metal Fence
- Levels:
- 2 Story
- Lot Size Dimensions:
- 50X140
- Number Of Units Total:
- 8
- On Market Date:
- 2026-01-18
- Stories:
- 2
- List Agent Mls Id:
- 672912
- List Office Mls Id:
- 992977
- Listing Term:
- Cash,Cash to New Loan,Exchange Down,Exchange Up
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2026-02-04T20:49:56Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
3968 Alabama Street, San Diego, CA 92104
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 260002705
- Price :
- $3,300,000
- Bedrooms :
- 1
- Bathrooms :
- 1
- Square Footage :
- 4,000
- Status :
- Active
- Property Sub Type :
- Com-Res Income
- Roof:
- Tar & Gravel
