San Diego, CA 92104,4017 Swift Avenue
San Diego, CA 92104,4017 Swift Avenue
San Diego, CA 92104,4017 Swift Avenue
$2,300,000
Est. payment /mo
$992,240
131.8%
Est.Price: ?

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3 Beds
2 Baths
1,264 SqFt
SOLD DATE : 11/06/2023

Key Details

Sold Price $2,300,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $1,819

Subdivision Normal Heights

MLS Listing ID 230000735

Sold Date 11/06/23

Style Detached

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1923

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.

Location

State CA

County San Diego

Community Normal Heights

Area North Park (92104)

Rooms

Family Room 10x10

Master Bedroom 10x10

Bedroom 2 10x10

Bedroom 3 10x10

Living Room 10x10

Dining Room 10x10

Kitchen 10x10

Interior

Heating Other/Remarks

Flooring None Known

Exterior

Exterior Feature Other/Remarks

Parking Features None Known

Roof Type Composition

Total Parking Spaces 2

Building

Lot Description Alley Access

Story 1

Lot Size Range 4000-7499 SF

Sewer Public Sewer

Water Meter on Property

Level or Stories 1 Story

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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San Diego Regional MLS (SDMLS)
Listed by Sean Bascom • South Coast Commercial, Inc.
Bought with Sean Bascom • South Coast Commercial, Inc.
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+1(858) 822-8634

jwaller@sdrealtyco.com

170 Laurel St, Diego, CA, 92101, United States

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