Exceptional value-add and redevelopment opportunity in the heart of North Park. The property is currently a 4-unit property situated on a 7,000 SF lot. Zoned RM-3-9 with approximately 600 SF per unit density, 2.7 FAR, and up to 60 feet of height, and located within both TPA and SDA overlay… Read More zones, the site offers significant multifamily development potential. Investors can pursue a near-term value-add strategy by updating units to achieve market-rate rents, with longer-term upside through expansion or higher-density redevelopment. With limited infill land available and ongoing demand for well-located multifamily housing, North Park continues to experience strong rent growth and long-term appreciation. This asset offers investors a flexible strategy to capture near-term cash flow while positioning for future redevelopment in a high-barrier-to-entry market. Read Less
Property listed by Landmark Multifamily and Development, Daniel Sipher 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Lot Size
0.16 Acres
Year Built
1930
MLS Number
260006178SD
Additional Details
Building
Built in 1930, 1 building, 1 storey, Levels: One
Community
Park Name: North Park
Cooling
None, SeeRemarks
Home Owner's Association
Association Fee: $0
Lot
0.1607 acres
Taxes
Parcel Number: 4464112800, Zoning: RM-3-9
Tenant Pays
SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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