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Entitled Multifamily Development Site
For Sale
$2,625,000

3933 Utah, San Diego, CA 92104

Permit-approved, shovel-ready site for an 8-story, 70-unit multifamily building with 29 underground parking spaces.

Property SizeContact for details
Days on Market147

Property Features for 3933 Utah

General Information

Standard status Active
Total Parking Spaces 29
Property subtype Land

Additional Details

Multifamily Units 70

Amenities

rooftop clubhouse
rooftop deck

Building Details

Year Renovated 2023
Stories 8
Listing Agency: Century 21 Affiliated
Listed By: Ken Schwartz
Source: Sevengables
Added: Mar 19 Changed: Aug 8 Last Checked: Jun 4 at 7:48PM

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 Century 21 Affiliated

Investment Insights

Based on property information with market context.

This permit-approved, shovel-ready development site is planned for an 8-story, 70-unit multifamily building. Architectural plans are complete by Ehrlich Yanai Rhee Chaney Architects, and the approved configuration includes a ground-floor lobby and leasing space, a rooftop clubhouse and deck, and 29 underground parking spaces.

The property is currently improved with four occupied residential units that were renovated in 2023, including new appliances and updated finishes. Current income from these units is stated as $12,885 per month ($154,620 per year) while preparation for construction proceeds.

Both parcels must be acquired together (APN #446-411-11-00 and APN #446-411-12-00). The site is located in North Park (WalkScore of 97), with the remarks citing 450,000+ jobs within 15 minutes. Architectural plans and permits for the 70-unit development are available for separate purchase.

Key Highlights

  • Permit‑approved, shovel‑ready development site for an 8‑story, 70‑unit multifamily building in North Park
  • Plans for 70 units averaging ~615 SF (studios, 1BR, 2BR), including ground‑floor lobby/leasing space and rooftop clubhouse/deck
  • 29 underground parking spaces included in the approved design

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store HVAC Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

70
Residential units

Location Intelligence

Trade Area within ½ mile

2,822
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Permit-approved, shovel-ready site for an 8-story, 70-unit multifamily building with 29 underground parking spaces.
Where is this quadplex located?
The property is located at 3933 Utah San Diego, CA.
What is the asking price?
The asking price for this property is $2,625,000.
What are key features of this property?
This property features: Permit‑approved, shovel‑ready development site for an 8‑story, 70‑unit multifamily building in North Park; Plans for 70 units averaging ~615 SF (studios, 1BR, 2BR), including ground‑floor lobby/leasing space and rooftop clubhouse/deck; 29 underground parking spaces included in the approved design
More about this property
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