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3974 Kansas St
San Diego, CA 92104
3974-78 Kansas St - 4 Unit Investment Deal · Multifamily Property For Sale
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4 Units
Investment Highlights
- RM-3-9 Zoning Upside
- Multiple Value-Add & Redevelopment Paths
- Currently 2 Existing Structures
- TPA & SDA Overlay Benefits
- Expansive 7,000 SF lot
Executive Summary
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.
Property Facts
| Price Per Unit | $591,719 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 4 | Building Size | 2,731 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Single-Family Home | Parking Ratio | 1/1,000 SF |
| Zoning | RM-3-9 - Approx. 600 SF per unit density, 2.7 FAR, and up to 60-foot height limit support higher-density multifamily development potential (buyer to verify zon | ||
| Price Per Unit | $591,719 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,731 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RM-3-9 - Approx. 600 SF per unit density, 2.7 FAR, and up to 60-foot height limit support higher-density multifamily development potential (buyer to verify zon |
Amenities
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 3 | - | - |
Property Taxes
| Parcel Number | 446-411-28 | Improvements Assessment | $146,040 CAD |
| Land Assessment | $262,899 CAD | Total Assessment | $408,939 CAD |
Property Taxes
Parcel Number
446-411-28
Land Assessment
$262,899 CAD
Improvements Assessment
$146,040 CAD
Total Assessment
$408,939 CAD
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