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$1,667,000
Est. payment /mo
6,978 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 250029584SD
HOA Y/N No
Year Built 1935
Lot Size 6,978 Sqft
Property Description
***Owner Users ***Developers (RM 3-9)***Investors (4-unit)*** for YOU! This Cream Puff of a property has seemingly unlimited potential! A lovely spot to reside, it also has multiple *value-add* opportunities. Having been owned and meticulously maintained by the same family for over 50 years, it is home to 4 sweet units plus a detached “den” AND a separate 2-car garage. The massive nearly 7000sf lot stretches from Kansas Street through to one of the friendliest and widest of alleys. The extra-long front driveway measures 60ft long - allowing parking for lots of cars, an RV, or for adding more units. DEVELOPERS- RM 3-9 Zoning allows 1 unit per 600sf lot size =12 units possible with 60ft height and 2.7x FAR. Complete Communities program eligibility yields endless possibilities increasing FAR to 6.5x and height to 95 ft. And it's in a TPA. Owner users: the front house is unique with a large (804 sf) 1 BR with an opportunity to easily convert it into a 2 BR (see MLS documents tab.) Additionally, there's a 240sf detached “den” (or home office, studio, etc.) The current composition in addition to the front house is two 1 bed/1 bath units and one studio, plus the "den" and 400sf 2-car garage. The popular North Park community is hip and laid back and while also a destination for modern cuisine, galleries and popular music venues. INVESTORS- projected unit income approx $10K/month. See additional information in documents tab. Square footage listed for front house includes detached "den/office" room.
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4461620500
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Liana Bowdler • Berkshire Hathaway HomeServices California Properties