3781 Alabama
3781 Alabama
3781 Alabama St, San Diego, CA 92104
3781 Alabama St is a rare value-add development opportunity in the heart of North Park. Presently the property includes a fully renovated 2-bed / 2-bath single-family residence and will be delivered with ready to issue plans & permits for the development of nine ground up 1-bed / 1-bath apartment units behind the home.
Located within walking distance of North Park’s vibrant dining, retail, and entertainment amenities along University Avenue, the property offers residents exceptional walkability and convenience with easy access to Downtown San Diego and Balboa Park. Combined with permit-ready plans and attractive projected rental income, 3781 Alabama St offers investors the opportunity to capitalize on a premier development site in one of San Diego’s strongest rental markets.
PROPERTY DETAILS
Purchase Price - $1,645,000
6,117
LOT SIZE SF
5,044
10
SQ. FT.
UNITS
North Park
Development
ASSET TYPE
LOCATION
PROPERTY HIGHLIGHTS
01 / RTI Development Plans
Plans & Permits to be delivered for (3)-story (9) unit multi-family building, with the renovated single family residence to remain.
02 / Rental Income During Development
The 1,100 SF Single family residence, 2-BR / 2-BA, is extensively renovated, generating nearly $4,000 a month in rent. Great for generating income during the construction phases of the (9)-unit building.
03 / Location
Walking Distance to Restaurants, Bars, and Shops on University Avenue, with the property right off University Avenue.
Listing Team
350 Tenth Ave #710, San Diego, CA 92101
License #: CA 01974818