3784 Villa Ter - Apartments FOR SALE


San Diego, CA 92104- North Park
$1,895,000 USD
859-433-8741
3784 Villa Ter, San Diego, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

3784 Villa Ter
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Permit-Ready (RTI) Plans for 13 New Apartment Units + SFR
  • Fully Renovated 2BD/2BA Craftsman Residence to Remain
  • 14 Total Units Upon Completion – 9 One-Bedrooms, 4 Two-Bedrooms + Existing Home
  • 6,250 SF Lot with Alley Access in the Heart of North Park
  • Approximately 8,109 SF of New Rentable Area. Contact for Full Plans
  • Prime Location One Block North of University Avenue Near Balboa Park & Morley Field

OVERVIEW

Whitewater Commercial Real Estate is pleased to present a unique permit-ready (RTI) multifamily development opportunity featuring an existing fully renovated Craftsman residence with approved plans for the construction of 13 new apartment units in the heart of North Park. Situated on a 6,250 SF lot with alley access, the property is currently improved with a beautifully renovated Craftsman home at the front of the site and a small rear residential structure. The approved plans call for demolition of the rear unit and construction of a new 13-unit multifamily building while preserving the existing front residence, creating a unique 14-unit residential community upon completion. Plans will be delivered ready-to-issue (RTI), allowing a buyer to begin construction with minimal delay. The proposed development consists of 13 thoughtfully designed apartment units that complement the existing Craftsman home, with a total rentable area of 8,109 SF, offering an attractive blend of historic character and modern new construction in one of San Diego's most desirable urban neighborhoods. Ideally located just one block north of University Avenue and moments from Balboa Park and Morley Field, the property offers exceptional walkability to North Park's renowned restaurants, breweries, coffee shops, boutiques, and entertainment venues, including the iconic North Park sign and Observatory Theatre. Residents will also enjoy convenient access to public transit, Downtown San Diego, Mission Valley, and the region's major freeways, making this an exceptional opportunity to develop in one of San Diego's most sought-after infill locations.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

14

PRICE/UNIT

$135,357

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,282 SF

ZONING

RM-2-5

APN/PARCEL ID

453-062-26

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.