Listed by Landmark Multifamily and Development
$1,699,000
North Park
Details
APN 446-411-28-00
Property Type Multifamily
Sub Type Apartment Building
Units 4
Year Built 1930
Buildings 1
Stories 1
Lot Size (SqFt) 6,999
Zoning RM-3-9
Multifamily | 4 Units
Marketing description
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 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.
Listing Contacts
Listed by Landmark Multifamily and Development
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