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Park Terrace
4075 Park Boulevard, San Diego, CA 92103
$3,400,000
21,000 SF
Land
Multifamily (land)
445-551-27-00
CL-2, MR-600
- Electricity/Power
- Irrigation
- Water
- Telephone
- Cable
- Gas/Propane
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Last Verified 10/23/2009
Listing ID 15855177
1 Lot Available
Lot 1
$3,400,000
21,000 SF
Multifamily (land)
3%
Highlights
Hillcrest Infill Development- Property to be delivered with approved site development permit
- Incredible location at high profile intersection
- All larger (2) & (3) BR units
- Ground floor retail fronts prestigious Park Boulevard
- Walk to Balboa Park
Description
This mixed use project is FULLY ENTITLED with City of SD Vesting Tentative Map # 516984 and approved site development permit # 519003 for (35) market rate residential condominiums, (2) levels of subterranean parking, and 7,377 square feet of retail space with prime Park Blvd. frontage. The project will be (5) stories high, including the street level retail. The residential portion consists of larger TWO & THREE Bedroom condominiums, with an average size of 1,276 square feet per unit. A spacious lobby with a 21 foot high ceiling is planned. The two levels of subterranean garage will accommodate a maximum of 80 parking spots for the residential condos, although it is currently designed and approved for 70 spaces with storage units. All units have balconies, with many having views to the city skyline, ocean and Balboa Park.
The retail space will have 17 on-site covered street level parking spaces. This is in addition to the angled parking that currently exists on Park Blvd. which is always very desireable to commercial tenants. In addition, a wide pedestrian-friendly sidewalk / promenade will front all retail space... also ideal for commercial tenants.
Incredible location at a prime corner in the beautiful and vibrant portion of Uptown called Hillcrest. This high profile intersection of Park Boulevard and Polk Ave is located just 5 blocks north of Balboa Park and 2 blocks north of University Ave. There is very easy access to 163 freeway. The site is 21,000 square feet, and is currently flat vacant land (APN # 445-551-27-00) backed by an alley. This is a highly desirable community to live in due to the closeness to University Ave shopping as well as Balboa Park.
Map of 4075 Park Boulevard, San Diego, CA 92103 (San Diego County)
Created 8/18/2008
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.