3933 Utah, San Diego, CA 92104

San Diego
Local realty services provided by:ERA North Orange County Real Estate
3933 Utah,San Diego, CA 92104
$2,625,000
Virtual Tour
  • 0.26 Acres
  • Lots / Land
  • Active
Listed by: ken schwartz
Office: century 21 affiliated619-471-2000
MLS#:260008135SD
Source:CRMLS

Price summary

  • Price:$2,625,000

About this home

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....

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Home facts

  • Listing ID #:260008135SD
  • Added:45 day(s) ago
  • Updated:May 23, 2026 at 01:22 PM

Structure and exterior

  • Lot area:0.26 Acres
  • Lot Features:Level with Street

Finances and disclosures

  • Price:$2,625,000
Based on information from California Regional Multiple Listing Service, Inc. as of May 23, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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