$4,500,000
4341-47 Arizona St San Diego, CA 92104
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$4,500,000
Est. payment /mo
4 Beds
4 Baths
500 SqFt
UPDATED:
11/13/2024 04:57 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $9,000
Subdivision North Park
MLS Listing ID 240008042
Bedrooms 4
Full Baths 4
HOA Y/N No
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.
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***
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***
Location
State CA
County San Diego
Community North Park
Area North Park (92104)
Exterior
Exterior Feature Other/Remarks
Fence Full
Roof Type Other/Remarks
Building
Story 1
Lot Size Range .25 to .5 AC
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,506
Listing Terms Cash, Conventional, Exchange
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Listed by Adrian Gonzalez-Pureco • South Coast Commercial, Inc.
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