Arizona St San Diego, CA 92104
Active
$4,500,000
8 Units
4 Beds
4 Baths
n/a Area(sq.ft.)
n/a Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 240008042SD |
| Days On Market: | 233 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per unit: | $ 562,500 |
| Year Built: | 1942 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Total Annual Expense: | $ 78,380 |
| Net Operating Income: | $ 163,225 |
| Cap Rate: | 3.6% |
| Gross Rent Multiplier: | 18.20 |
Structure
| Amenities: | None |
| Levels: | One |
| Complex Name: | N/A |
| Security Features: | None |
Land & Parking
Interior
| AC/Cooling: | None |
Exterior
| Pool: | No |
| Roof: | Other |
| Spa: | No |
Detailed Map
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