About 4378 Oregon St
A developers dream! Multiple value add opportunities and strong existing income ($10,129 monthly gross income)! This site presents an increasingly rare urban infill opportunity to purchase a 7,000 SF lot, with (3) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. The base zoning on this lot is RM-3-9 allowing for residential development with a 60 foot height limit, 2.7 FAR, and a density of 1 per 600 Sf. To increase density further, the micro unit density bonus can be used to double the existing density from 12 to 24, or the Complete Communities program can be used to build 48 units. Alternatively, the current structures include (6) garages that can be converted to (3) ADUs with an additional space in the middle of the parcel for new construction units.
Features of 4378 Oregon St
| MLS® # | 240004834 |
|---|---|
| Price | $2,199,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Acres | 0.00 |
| Year Built | 1937 |
| Type | Residential Income |
| Status | PENDING |
Community Information
| Address | 4378 Oregon St |
|---|---|
| Area | NORTH PARK (92104) |
| Subdivision | North Park |
| City | NORTH PARK |
| County | San Diego |
| State | CA |
| Zip Code | 92104 |
Amenities
| # of Garages | 3 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | Wall/Window |
|---|---|
| Fireplace | Yes |
| # of Fireplaces | 1 |
| # of Stories | 1 |
Exterior
| Exterior | Stucco |
|---|---|
| Roof | Rolled/Hot Mop |
Additional Information
| Date Listed | March 6th, 2024 |
|---|---|
| Days on Market | 16 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Office | Matt Davies, Broker |