4341-47 Arizona St, North Park, CA 92104

$4,500,000
List Price
$4,500,000
Days on Market
38
Status
ACTIVE
MLS#
240008042
Lot Size(Range)
.25 to .5 AC
City
North Park
Neighborhood
North Park
Complex/Building Name
N/A
Property Type
Multifamily
Year Built
1942

Property Description

4349-55 Arizona St San Diego CA 92104 APN#445-351-06-00 to be included in the sale. We are pleased to present this amazing opportunity with multiple value add opportunities and strong existing income ($20,650 monthly gross income). This site presents an increasingly rare urban infill opportunity to purchase two 7,000 SF lot (approx. 14,000 SF), with (8) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. The base zoning on this lot is RM-3-9 allowing for residential development with a 60-foot height limit, 2.7 FAR, and a density of 1 per 600 Sf. To increase density further, the micro unit density bonus can be used to double the existing density, or the Complete Communities program can be used to build 96 units. Alternatively, the current structures include (8) garages that can be converted to (4) ADUs. The units feature fully renovated interiors with W&D's in each and private fenced yards for all units.

Additional Information

Building Name
N/A
Lot Size Range
.25 to .5 AC
Neighborhood
North Park
Stories
1 Story
Style
Res Income 2-4 Units
Year Built
1942
Supplemental
Seller or Agent has not verified public records, including but not limited to permits, lot size, number of rooms, number of units, age of property, zoning of property, use of property, HOA documents, CCRs or square footage. Buyer to assume investigation of all public records and documents***

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Adrian Gonzalez-Pureco (858-735-9977) from Listing Office: South Coast Commercial, Inc..

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