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4017 Swift Avenue

San Diego, CA 92104
  • $992,240
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: 230000735SD
UPDATED: 30 min ago
$992,240
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,264
    SQFT
  • $785
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Sean Bascom of South Coast Commercial, Inc. (619-226-6011)


Description

The Swift Avenue properties present a fantastic opportunity to purchase two well located assets with existing cashflows and significant development potential. The lots reside in a Qualified Opportunity Zone, Transit Priority Area and fall within the Complete Communities Plan with an attractive 6.5 FAR. The sites are composed of two parcels totaling 13,011 SF of land with a 1,264 SF 2BR/2BA house on a 5,722 SF lot, and a contiguous 1,533 SF 3BR/1BA house with detached single car garage on a 7,289 SF lot. Multiple opportunities are available to develop the property. A recent yield study shows options from 37 to 56 apartment units with variations on mixed use amenities and parking. The adjacent lot is currently for sale and if purchased simultaneously could potentially yield up to 132 units, along a corner lot that fronts University Avenue. Any future project on these sites would be extremely well located in central San Diego with immediate access to both the 805 and 15 freeways, walking distance to the nearby elementary school and several retail establishments along University Avenue. Mid-City San Diego is gentrifying rapidly under the new Complete Communities plan zoning. This is an excellent opportunity for an investor/developer to get in on the ground floor as the area flourishes well into the future. Sewer: Public Sewer Topography: LL

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-05T11:26:42.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/135957776
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4017 Swift Avenue San Diego, CA 92104

  • Price: $992,240
  • Status: Active
  • On Site: 25 Days
  • Updated: 30 min ago
  • ID#: 230000735SD
3
Beds
2
Baths
0
½ Baths
N/A
Acres
1,264
SQFT
$785
$/SQFT
1923
Built
Neighborhood:
Normal Heights
County:
San Diego
Area:
92104 - North Park
Property Description
The Swift Avenue properties present a fantastic opportunity to purchase two well located assets with existing cashflows and significant development potential. The lots reside in a Qualified Opportunity Zone, Transit Priority Area and fall within the Complete Communities Plan with an attractive 6.5 FAR. The sites are composed of two parcels totaling 13,011 SF of land with a 1,264 SF 2BR/2BA house on a 5,722 SF lot, and a contiguous 1,533 SF 3BR/1BA house with detached single car garage on a 7,289 SF lot. Multiple opportunities are available to develop the property. A recent yield study shows options from 37 to 56 apartment units with variations on mixed use amenities and parking. The adjacent lot is currently for sale and if purchased simultaneously could potentially yield up to 132 units, along a corner lot that fronts University Avenue. Any future project on these sites would be extremely well located in central San Diego with immediate access to both the 805 and 15 freeways, walking distance to the nearby elementary school and several retail establishments along University Avenue. Mid-City San Diego is gentrifying rapidly under the new Complete Communities plan zoning. This is an excellent opportunity for an investor/developer to get in on the ground floor as the area flourishes well into the future. Sewer: Public Sewer Topography: LL
Exterior Features

Construction Materials Other Fencing None Open Parking Spaces 2 Parking Features AsphaltOther Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Roof Composition Sign On Property YN No View None View YN No

Interior Features

Cooling None Cooling YN No Heating NoneSee Remarks Heating YN No

Property Features

Association YN No Garage YN No Land Lease YN No Laundry Features None Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashConventionalFhaVa Loan Property Sub Type Single Family Residence Senior Community YN No



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-05T11:26:42.68. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Sean Bascom of South Coast Commercial, Inc. (619-226-6011)