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$2,625,000

For Sale

13 days ago

3933 Utah, San Diego, CA

House

MLS® 260008135SD

0 Bed

0 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes 
Days Active 12
Lot Size 
Approx. Age 1922
MLS® Number 260008135SD

Property Address: 3933 Utah, San Diego, CA, 92104

Average square foot calculated using Size range provided by listing agent.

Description

One of San Diego's rarest development opportunities, a permit-approved, shovel-ready site for an 8-story, 70-unit multifamily building in the heart of North Park. Entitlements are secured, architectural plans by Ehrlich Yanai Rhee Chaney Architects are complete, and four occupied residential units renovated in 2023 with new appliances and updated finishes generate $12, 885/month ($154, 620/yr) in current income while you prepare for construction. The approved project features 70 units averaging ~615 SF (studios, 1BR, 2BR), ground-floor lobby and leasing space, rooftop clubhouse and deck, and 29 underground parking spaces. Projected market rents are supported by comparable properties averaging $4.57/SF with 90%+ stabilized occupancy. At $2, 625, 000, just $37, 500 per approved unit, this assemblage offers compelling value relative to comparable entitled land sales ranging from $69, 000 to $115, 000/unit. North Park is fully built out with virtually no remaining infill sites of scale. WalkScore of 97. 450, 000+ jobs within 15 minutes. Both parcels (APN #446-411-11-00 + APN #446-411-12-00) must be acquired together. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing.
MLS® Number260008135SD
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1922
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 7, 2026List Date
$2,625,000List Price
  • Commute

Commute

Starting Address
Destination Address
3933 Utah, San Diego, CA

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