- For Sale $1,500,000
- Property Type Multi-Family
- Property Size 2,587 SF
- Units 4
- Lot Size 0.16 Acre
- Additional Rent Contact for pricing
- Year Built 1950
- Date Updated Sep 25, 2024
We are pleased to present an exceptional
value -add income proper t y and
redevelopment opportunity located
in the highly sought-after North Park
neighborhood. This prime asset is
strategically situated just a short walk from
30th Street and Adams Ave, and boasts a
walk score of 85, indicating its outstanding
accessibility to shopping, dining, and daily
conveniences without the need for a vehicle.
Residents benefit from the vibrant local
ambiance and seamless access to major
transportation routes including the 805
and 8 freeways, Mission Valley, and key
employment centers.
PROPERTY DETAILS
The property encompasses four 2-bedroom,
1-bath units and four single-car garages, set
on a 6,998 square foot lot. This asset offers
substantial income potential through the
renovation of existing units. Additionally,
the single-car garages present a significant opportunity for conversion into Accessory
Dwelling Units (ADUs) or for the construction
of a new story above or in place of the
garages, thereby increasing the property's
value and rental income.
ZONING AND DE VELOPMENT
POTENTIAL
The site is located within the City of San
Diego's Complete Communities zoning
overlay. According to tax records, the lot
size is approximately 6,998 square feet.
The Complete Communities Tier 3 zoning
designation provides a Floor Area Ratio (FAR)
of 6.5, which permits the development of a
larger, higher-density building compared to
the base zoning regulations, offering further
potential for increased returns.
This property represents a significant
opportunity for investors seeking to
capitalize on a high-demand location with
substantial value-add and redevelopment
potential.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
93/100
Walker's Paradise
-
Transit Score ®
49/100
Some Transit
-
Bike Score ®
82/100
Very Bikeable
- City San Diego, CA
- Neighborhood North Park
- Zip Code 92116
- Market San Diego
Points of Interest
-
Rio Vista
0.93 miles
-
Hazard Center
1.50 miles
-
Stadium
1.57 miles
-
Mission San Diego
1.88 miles
-
Grantville
2.49 miles
-
Washington Street
3.23 miles
-
City College
3.37 miles
-
County Center/Little Italy
3.49 miles
-
Civic Center
3.53 miles
-
Courthouse
3.64 miles
-
Valero
0.28 miles
-
Shell
0.48 miles
-
Mobil
0.51 miles
-
Arco
0.52 miles
-
76
0.65 miles
-
eVgo
0.95 miles
-
Electrify America Fast Charger
1.09 miles
-
Tiger Mart & Gas
1.11 miles
-
Speedway
1.14 miles
-
Chevron
1.19 miles
-
El Zarape
0.55 miles
-
North Park Parking Garage
1.01 miles
-
Morley Field Disk Golf Course Parking
1.74 miles
-
First Avenue Parking Structure
1.78 miles
-
YMCA Parking Lot
1.94 miles
-
North Carousel Parking Lot
2.00 miles
-
USA Gasoline
2.01 miles
-
South Carousel Parking Lot
2.05 miles
-
Natural History Museum Parking Lot
2.16 miles
-
Alcazar Parking Lot
2.40 miles
-
Berkshire Motor Hotel
0.47 miles
-
The Lafayette Hotel, Swim Club & Bungalows
0.62 miles
-
SpringHill Suites San Diego Mission Valley
0.70 miles
-
Sheraton Mission Valley San Diego Hotel
0.97 miles
-
Marriott Mission Valley
0.97 miles
-
Admiral at Promenade
1.01 miles
-
Hilton San Diego Mission Valley
1.30 miles
-
La Quinta Inn & Suites San Diego SeaWorld/Zoo
1.41 miles
-
WorldMark San Diego - Mission Valley
1.43 miles
-
Ramada Suites San Diego
1.45 miles
-
Cafe 21
0.08 miles
-
Swagyu Chop Shop - Pacific Beach
0.24 miles
-
Tajima Ramen
0.26 miles
-
Grains
0.40 miles
-
Kiko’s Seafood
0.42 miles
-
Little Caesars
0.43 miles
-
Cueva
0.44 miles
-
Soichi Sushi
0.44 miles
-
Taco Bell
0.45 miles
-
Medina
0.46 miles
-
Garfield High School
0.22 miles
-
Garfield Elementary School
0.22 miles
-
Academy of our Lady of Peace
0.23 miles
-
Garfield Charter School
0.26 miles
-
California College - San Diego
0.64 miles
-
North Park Elementary School
0.74 miles
-
Our Saviors Preschool
0.83 miles
-
Alice Birney Elementary School
0.86 miles
-
John Adams Elementary School
0.90 miles
-
San Diego Unified School District
0.92 miles
-
Our Lady of the Sacred Heart Catholic Church Day Care Center
1.86 miles
-
The Vine
2.45 miles
-
Chinese Bilingual Preschool
4.62 miles
-
Murphy Canyon Preschool
4.86 miles
-
Saint Judes Shrine Child Care and Development Center
4.88 miles
-
Coronado Baptist Day Care Center
4.92 miles
-
Child Development Center NBSD
5.35 miles
-
Lemon Grove Childcare Center
5.57 miles
-
Bright Horizons Preschool
5.77 miles
-
BunnyBears Preschool La Mesa
6.85 miles
Frequently Asked Questions
How much does University Heights Fourplex cost?
The space currently listed for sale at University Heights Fourplex asks for $1,500,000.
What is the total square footage of University Heights Fourplex?
University Heights Fourplex totals 2,587 square feet.
When was this property built?
University Heights Fourplex was built in 1950.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
