4011 15 Mississippi St, North Park, CA 92104

$1,660,000
Sold Price
$1,660,000
List Price
$1,599,000
Closing Date
Aug 01, 2023
Status
CLOSED
MLS#
230010257SD
Year Built
1940
Lot Size
7,001
Acres
0.16
Days on Market
0
Property Type
Multifamily
Stories
One Level
Neighborhood
North Park

Property Description

RARE North Park Developer / Investor opportunity! RM3-7, Complete Communities, Transit Priority, Opportunity Zone. Absolute best zoning scenario for a massive 20+ unit project or keep it simple with remodeling the existing 3 units with detached garage (easy 4th unit ADU). This multi-unit sits on 7001 sqft with alley access and zoned RM3-7 giving many options for small or large development. Seller was pursuing plans to build 20 Units, with 34 Bedrooms, 29 bathrooms, and parking. This home is located in one of North Park's only Opportunity Zones, providing huge advantages for tax deferment. It is part of the San Diego Complete Communities Tier 3 zone, allowing for 6.5 FAR build potential. Also great to live in one unit, and rent the others. Only one block away from University Ave, you're close to everything North Park has to offer including nightlife, restaurants, shopping, and public transportation. If your dream is to own the perfect North Park investment property then your search ends here!

Additional Information

Cooling Description
None
Roof
Composition
Attached Structure
Detached
Number Of Units Total
3

Listing courtesy of Listing Agent: Erick Gydesen (listings@gghomessd.com) from Listing Office: Big Block Realty, Inc..

Listing sold by Jordan Kabins from Real Broker

Mortgage Calculator

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.