4316 and 4320 Arizona Street , San Diego, CA 92104(San Diego County)

Right in the heart of the ever so vibrant North Park, close to shops, bars, restaurants & buses. 5,247 combined lot square footage. Not included in the square footage is the alley access. Commercial-Community (CC 3-9) zone accommodates community-serving commercial services, retail uses, and limited industrial uses of moderate intensity and small to medium scale. CC-3-9 permits a maximum density of 1 dwelling unit for each 400 square feet of lot area. The zoning is one of the most sought after and highest density zonings. While the highest and best use is development, each parcel has a 612 sf Single Family Residence (SFR). 4316 is currently a successful Airbnb and rental property with a long driveway leading to a detached garage, back deck, and storage space. 4320 Arizona St is vacant and previously rented out. These homes are ripe for investment because they qualify for SFR financing. With both fair rates and with income generation, they are fantastic for covering expenses while holding together a land deal. Furthermore, because of the two homes, the land comes with improvements such as sewer, gas, water, electricity, curbs, sidewalks, gutters, storm drains, fire hydrants, paved roads & alley access. This is a land play with highly desirable zoning, wonderful financeability, while still brining in substantial income. This is great for an investor with a vision of developing both lots, either residentially or commercially.