North Park Multifamily Redevelopment
For Sale
$1,699,000
3974 78 Kansas St, San Diego, CA 92104
Value-add multifamily property with redevelopment potential in North Park.
Lot Size0.16 Acres
Days on Market101
Property Features for 3974 78 Kansas St
General Information
Standard status
Active
Lot size
0.16 Acres
Property subtype
Investment
Building Details
Year Built
1930
Listing Agency:
Landmark Multifamily and Development
(408) 368-5225
Listed By:
Daniel Sipher
(408) 368-5225
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 12:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landmark Multifamily and Development
Investment Insights
Based on property information with market context.
This property presents an exceptional value-add and redevelopment opportunity in the heart of North Park. Currently configured as a 4-unit property, it occupies a 7,000 square foot lot. The RM-3-9 zoning allows for approximately 600 square feet per unit density, a 2.7 FAR (Floor Area Ratio), and building heights up to 60 feet. Located within both the TPA (Transit Priority Area) and SDA (Sustainable Development Area) overlay zones, the site offers significant multifamily development potential. Investors can implement a near-term value-add strategy by updating the units to achieve market-rate rents, with longer-term upside through expansion or higher-density redevelopment. North Park continues to experience strong rent growth and long-term appreciation due to limited infill land availability and ongoing demand for well-located multifamily housing. This asset offers investors a flexible strategy to capture near-term cash flow while positioning for future redevelopment in a high-barrier-to-entry market. The location is considered a Walker's Paradise with a walk score of 94, Very Bikeable with a bike score of 83, and has Good Transit with a transit score of 50.
Key Highlights
- Significant multifamily development potential with RM‑3‑9 zoning.
- Value‑add opportunity through unit updates.
- Located in North Park, a high‑demand area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,813
Businesses Nearby
Explore this area
Business Placement
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Value-add multifamily property with redevelopment potential in North Park.
Where is this quadplex located?
The property is located at 3974 78 Kansas St San Diego, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Significant multifamily development potential with RM‑3‑9 zoning.; Value‑add opportunity through unit updates.; Located in North Park, a high‑demand area.
