3974 Kansas St, San Diego, CA 92104
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
Listed by: daniel sipher
Office: landmark multifamily and development408-368-5225
MLS#:260006178SD
Source:CRMLS
Price summary
- Price:$1,699,000
About this home
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.
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Home facts
- Year built:1930
- Listing ID #:260006178SD
- Added:47 day(s) ago
- Updated:May 03, 2026 at 10:30 AM
Structure and exterior
- Year built:1930
- Lot area:0.16 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,699,000
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