Listing provided courtesy of Matt Davies of Matt Davies, Broker. Last updated 2024-04-27 08:11:29.000000. Listing information © 2022 Sandicor.
Asking Price: $2,199,000
4378 Oregon St, San Diego CA 92104
Community: 92104 - North Park
This property was built in 1937 and is priced at $2,199,000. Please see the additional details below.
A developers dream! Multiple value add opportunities and strong existing income ($10,129 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,000 SF lot, with (3) 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 from 12 to 24, or the Complete Communities program can be used to build 48 units. Alternatively, the current structures include (6) garages that can be converted to (3) ADUs with an additional space in the middle of the parcel for new construction units.
