3749-63 4th Ave - 3749-63 4th Avenue - New Price
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3749-63 4th Ave - 3749-63 4th Avenue - New Price
0.31 Acres of Residential Land Offered at $5,528,133 CAD in San Diego, CA 92103
Investment Highlights
- IDEAL MULTIFAMILY DEVELOPMENT OPPORTUNITY, ZONED CC-3-8 (HIGH DENSITY RESIDENTIAL) AND COMPLETE COMMUNITIES TIER 2 WITH FAR OF 8
- Walking distance from top ranked restaurants, eclectic shops, trendy cafes, schools, parks, and entertainment
- Existing improvements provide revenue during the entitlement process - *All tenants are month-to-month
- Expansive 13,499 SF Lot ideal for new multifamily development
- Proximity to Balboa Park, Little Italy, Downtown San Diego, and Mission Valley
- Major employment hub with convenient access to Highway 163, Interstates 5 and 8
Executive Summary
CBRE is pleased to offer for sale a potential
high-density multifamily development site or value-add opportunity at
3749-3763 4th Avenue in Hillcrest, the premier
infill urban community of central San Diego.
The site is a flat expansive 13,499 SF usable lot
ideal for new development. The zoning is CC-
3-8 (High Density Residential) and located in
Complete Communities Tier 2 with an FAR of 8.
The site currently features a 12-unit residential
community built in 1940. The unit mix consists
of 8 spacious one-bedroom cottages and
4 two-bedroom townhouses. The existing
improvements are ideal for providing income
during the entitlement process. All tenants are
currently month-to-month.
Hillcrest is one of San Diego’s most sought-after housing
markets offering a vibrant urban lifestyle while still
maintaining a sense of tranquility. A favorite among young
professionals and families, the property is steps from some
of the county’s best restaurants, trendy café’s, parks, eclectic
shops, schools, and entertainment. The area is thriving with
new construction which blends with newly renovated historic
buildings, offering both historic charm and contemporary
urban living. The community features convenient access to
neighboring Balboa Park, Little Italy, Old Town, Downtown
and Mission Valley, along with interstates 5, 8, and Highway
163. Hillcrest is ideal for multifamily development.
high-density multifamily development site or value-add opportunity at
3749-3763 4th Avenue in Hillcrest, the premier
infill urban community of central San Diego.
The site is a flat expansive 13,499 SF usable lot
ideal for new development. The zoning is CC-
3-8 (High Density Residential) and located in
Complete Communities Tier 2 with an FAR of 8.
The site currently features a 12-unit residential
community built in 1940. The unit mix consists
of 8 spacious one-bedroom cottages and
4 two-bedroom townhouses. The existing
improvements are ideal for providing income
during the entitlement process. All tenants are
currently month-to-month.
Hillcrest is one of San Diego’s most sought-after housing
markets offering a vibrant urban lifestyle while still
maintaining a sense of tranquility. A favorite among young
professionals and families, the property is steps from some
of the county’s best restaurants, trendy café’s, parks, eclectic
shops, schools, and entertainment. The area is thriving with
new construction which blends with newly renovated historic
buildings, offering both historic charm and contemporary
urban living. The community features convenient access to
neighboring Balboa Park, Little Italy, Old Town, Downtown
and Mission Valley, along with interstates 5, 8, and Highway
163. Hillcrest is ideal for multifamily development.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,528,133 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.31 AC |
| Price | $5,528,133 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.31 AC |
1 Lot Available
Lot
| Price | $5,528,133 CAD | Lot Size | 0.31 AC |
| Price Per AC | $17,838,787 CAD |
| Price | $5,528,133 CAD |
| Price Per AC | $17,838,787 CAD |
| Lot Size | 0.31 AC |
Potential high-density multifamily site or Value-Add opportunity. The lot is an expansive flat usable 13,499 SF with 12 existing units, ideal for development or rehab. Zoned CC-3-8 (High Density Residential) Complete Communities Tier 2 with FAR of 8.
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Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (74)
zoning
| Zoning Code | CC-3-8 (High Density Residential Complete Communities Tier 2 with FAR 8) |
| CC-3-8 (High Density Residential Complete Communities Tier 2 with FAR 8) |
-
Philip Buckley -
CBRE, Inc.
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3749-63 4th Ave - 3749-63 4th Avenue - New Price
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