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Key Details
Sold Price $540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 230013408SD
Sold Date 04/26/24
HOA Y/N No
Year Built 1986
Property Description
3272-74 K St is comprised of two parcels with 7,188 sq ft. Presently featuring two manufactured homes. This property is located in the Complete Communities plan zone, an initiative designed to foster sustainable growth and enhance urban environments. By being part of this plan, the property benefits from a bonus density, opening doors to greater development potential. The property also lies within the Opportunity Zone which comes with additional tax benefits. The zoning designation for this property is RM-2- 5, offering favorable opportunities for multifamily development. Its Tier 3 status ensures a FAR ratio of 6.5, enabling efficient and maximized use of the available space, allowing for the construction of an impressive 31 units.
Location
State CA
County San Diego
Area 92102 - San Diego
Interior
Cooling None
Fireplace No
Exterior
Fence None
View Y/N No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5453332400
Financing Cash
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Bought with Erick Ciprian • Real Broker
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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605