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3781 Alabama St 0.14 Acres of Residential Land Offered at $1,695,000 in San Diego, CA 92104
Investment Highlights
- Property to be delivered with ready to issue permits
- Walking Distance to Restaurants, Bars, and Shops on University Avenue
- Existing 2Bed/2Bath SFR + 9 1bed/1bath units
- Strong projected rental income in one of San Diego’s most supply-constrained urban rental markets
Executive Summary
3781 Alabama St is a rare value-add development opportunity in the heart of North Park. Presently the property includes a fully renovated 2-bed / 2-bath single-family residence and will be delivered with ready to issue plans & permits for the development of nine ground up 1-bed / 1-bath apartment units behind the home.
Located within walking distance of North Park’s vibrant dining, retail, and entertainment amenities along University Avenue, the property offers residents exceptional walkability and convenience with easy access to Downtown San Diego and Balboa Park. Combined with permit-ready plans and attractive projected rental income, 3781 Alabama St offers investors the opportunity to capitalize on a premier development site in one of San Diego’s strongest rental markets.
Located within walking distance of North Park’s vibrant dining, retail, and entertainment amenities along University Avenue, the property offers residents exceptional walkability and convenience with easy access to Downtown San Diego and Balboa Park. Combined with permit-ready plans and attractive projected rental income, 3781 Alabama St offers investors the opportunity to capitalize on a premier development site in one of San Diego’s strongest rental markets.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $1,695,000 | Lot Size | 0.14 AC |
| Price Per AC | $12,070,328.36 |
| Price | $1,695,000 |
| Price Per AC | $12,070,328.36 |
| Lot Size | 0.14 AC |
Description
Rare opportunity to acquire a fully renovated 2-bedroom / 2-bath home with ready to issue plans for a new 9-unit multifamily development.
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
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3781 Alabama St
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