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4366 Ohio Street - The Landing 0.16 Acres of Residential Land Offered at $2,924,452 CAD in San Diego, CA 92104
INVESTMENT HIGHLIGHTS
- Fully Entitled 6-Story Apartment Project - 35 Units - see plans in data room
- Modern Urban Architecture featuring a rooftop deck with 360° city views
- Prime North Park Development Opportunity
- Excellent value as-is with parking lot rented per space ( $100 per month )
EXECUTIVE SUMMARY
Don't miss this rare investment opportunity positioned and Fully Entitled for 6-Story 35 unit Apartment Project designed by San Diego's finest.
* 4366 OHIO STREET *
Located in one of San Diego’s most sought-after neighborhoods - North Park - ideal for young professionals and urban dwellers of excellent credit.
And with a handsome walk score of 94 this 7,021 SF development lot will be delivered fully entitled for a modern 6-story new construction apartment project in the heart of North Park. Just half a block from the El Cajon Blvd/30th St intersection, this A+ urban location offers unbeatable walkability and vibrant city living.
Project Highlights:
Modern Urban Architecture featuring a rooftop deck with 360° city views
Secure podium parking: (11) designated spaces
Unit mix:
(10) 2-bedroom, 2-bath units | 780 SF each
(15) 1-bedroom, 1-bath units | 502 SF each
(10) Studio, 1-bath units | 410 SF each
Current IN-PLACE Rental Income:
Existing single-family home - Rent $2,700/month
Rear parking lot Rent ( rent per parking space approx 100 ) total $1,030/month
Total current rental income: $3,730/month
TOTAL PRO FORMA AS IS INCOME +/- 25% upside
* 4366 OHIO STREET *
Located in one of San Diego’s most sought-after neighborhoods - North Park - ideal for young professionals and urban dwellers of excellent credit.
And with a handsome walk score of 94 this 7,021 SF development lot will be delivered fully entitled for a modern 6-story new construction apartment project in the heart of North Park. Just half a block from the El Cajon Blvd/30th St intersection, this A+ urban location offers unbeatable walkability and vibrant city living.
Project Highlights:
Modern Urban Architecture featuring a rooftop deck with 360° city views
Secure podium parking: (11) designated spaces
Unit mix:
(10) 2-bedroom, 2-bath units | 780 SF each
(15) 1-bedroom, 1-bath units | 502 SF each
(10) Studio, 1-bath units | 410 SF each
Current IN-PLACE Rental Income:
Existing single-family home - Rent $2,700/month
Rear parking lot Rent ( rent per parking space approx 100 ) total $1,030/month
Total current rental income: $3,730/month
TOTAL PRO FORMA AS IS INCOME +/- 25% upside
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $2,924,452 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Zoning | R-M-3-9 base zone - Complete communities housing solutions overlay tier 3. 6 FAR Sustainable Dev Area Overlay Opportunity Zone | ||
| Price | $2,924,452 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.16 AC |
| Zoning | R-M-3-9 base zone - Complete communities housing solutions overlay tier 3. 6 FAR Sustainable Dev Area Overlay Opportunity Zone |
1 LOT AVAILABLE
Lot
| Price | $2,924,452 CAD | Lot Size | 0.16 AC |
| Price Per AC | $18,144,015.88 CAD |
| Price | $2,924,452 CAD |
| Price Per AC | $18,144,015.88 CAD |
| Lot Size | 0.16 AC |
Flat
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (81)
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4366 Ohio Street - The Landing
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