CBRE and Colliers are pleased to offer for sale 3501-3531.5 Park Blvd, a 27 unit community on a 35,080 sf lot, located one block north of Balboa Park. This prime Hillcrest location offers a buyer the chance to create substantial value by adding new units at the rear of all 4 parcels (up to 108 units) while retaining four charming front-facing buildings on Park Blvd (huge opportunity to implement Mills Act on front buildings for substantial property tax savings). Enclosed in the OM is a yield study for 108 units, which adds 92 new units along the alley and retains 16 units on Park Blvd. The property has a by-right entitlement path and is in Complete Communities Tier 3 with a 6.5 FAR. Seller is also willing to sell contiguous 3535 Park Blvd (single family parcel on 4,109 SF) for an additional $1,900,000.