4341-47 Arizona St, NORTH PARK Property Listing: MLS® #240008042

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.

4341-47 Arizona St, NORTH PARK Property Listing: MLS® #240008042 Close
Page Summary
  • MLS® #: 240008042
  • 4341-47 Arizona St
  • NORTH PARK, CA 92104
  • $4,500,000
  • 4 Bath
  • Office: South Coast Commercial, Inc.

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.

Supplemental Remarks

Essential Information

  • MLS® #240008042
  • Listing Price$4,500,000
  • Original Listing Price$4,500,000
  • Date ListedApril 15th, 2024
  • Days on Market221
  • Bathrooms4.00
  • Acres0.00
  • Year Built1942
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address4341-47 Arizona St
  • AreaNORTH PARK (92104)
  • ComplexN/A
  • SubdivisionNorth Park
  • CityNORTH PARK
  • CountySan Diego
  • StateCA
  • Zip Code92104

Amenities

  • AmenitiesN/K

Interior

  • CoolingN/K
  • # of Stories1

Exterior

  • ExteriorOther/Remarks
  • RoofOther/Remarks
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Nearby Schools in North Park

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Listing information last updated on November 26th, 2024 at 12:23pm PST.