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Paul Hannigan

phannigan8@gmail.com +1(619) 331-5843

$ 4,500,000

Est. payment | -/mo

4 Beds

4 Baths

500 SqFt

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$ 4,500,000

Est. payment | -/mo

Save Virtual Tour Video Tour

4 Beds

4 Baths

500 SqFt

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***

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

Listed by Adrian Gonzalez-Pureco • South Coast Commercial, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 331-5843

phannigan8@gmail.com

1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States

4341-47 Arizona St San Diego, CA 92104

Paul Hannigan

Key Details

Location

Exterior

Building

Others

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4341-47 Arizona St