3784 Villa Ter 14 Unit Apartment Building $2,611,310 CAD ($186,522 CAD/Unit) San Diego, CA 92104

Whitewater Commercial Real Estate is pleased to present a unique permit-ready (RTI) multifamily development opportunity featuring an existing fully renovated Craftsman residence with approved plans for the construction of 13 new apartment units in the heart of North Park.
Situated on a 6,250 SF lot with alley access, the property is currently improved with a beautifully renovated Craftsman home at the front of the site and a small rear residential structure. The approved plans call for demolition of the rear unit and construction of a new 13-unit multifamily building while preserving the existing front residence, creating a unique 14-unit residential community upon completion. Plans will be delivered ready-to-issue (RTI), allowing a buyer to begin construction with minimal delay.
The proposed development consists of 13 thoughtfully designed apartment units that complement the existing Craftsman home, with a total rentable area of 8,109 SF, offering an attractive blend of historic character and modern new construction in one of San Diego's most desirable urban neighborhoods.
Ideally located just one block north of University Avenue and moments from Balboa Park and Morley Field, the property offers exceptional walkability to North Park's renowned restaurants, breweries, coffee shops, boutiques, and entertainment venues, including the iconic North Park sign and Observatory Theatre. Residents will also enjoy convenient access to public transit, Downtown San Diego, Mission Valley, and the region's major freeways, making this an exceptional opportunity to develop in one of San Diego's most sought-after infill locations.