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Key Details
Sold Price $1,660,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 230010257
Sold Date 08/01/23
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1940
Lot Size 7,001 Sqft
Property Description
RARE North Park Developer / Investor opportunity! RM3-7, Complete Communities, Transit Priority, Opportunity Zone. Absolute best zoning scenario for a massive 20+ unit project or keep it simple with remodeling the existing 3 units with detached garage (easy 4th unit ADU). This multi-unit sits on 7001 sqft with alley access and zoned RM3-7 giving many options for small or large development. Seller was pursuing plans to build 20 Units, with 34 Bedrooms, 29 bathrooms, and parking. This home is located in one of North Park's only Opportunity Zones, providing huge advantages for tax deferment. It is part of the San Diego Complete Communities Tier 3 zone, allowing for 6.5 FAR build potential. Also great to live in one unit, and rent the others. Only one block away from University Ave, you're close to everything North Park has to offer including nightlife, restaurants, shopping, and public transportation. If your dream is to own the perfect North Park investment property then your search ends here!
Location
State CA
County San Diego
Community North Park
Area North Park (92104)
Building/Complex Name none
Zoning R-3:RESTRI
Interior
Fireplaces Number 1
Exterior
Exterior Feature Wood
Garage Spaces 2.0
Fence Full
Roof Type Composition
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Jordan K Kabins • Real Broker
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878