3933-3941 Utah, San Diego, CA 92104

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
3933-3941 Utah,San Diego, CA 92104
$2,625,000
  • 0 Acres
  • Lots / Land
  • Active
Listed by: ken schwartz
Office: century 21 affiliated
MLS#:260008135
Source:San Diego MLS via 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 #:260008135
  • Added:2 day(s) ago
  • Updated:April 10, 2026 at 02:32 PM

Utilities

  • Water:Meter on Property
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,625,000
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