3968 Alabama Street, North Park, CA 92104
- $3,125,000
- Sold Price
- $3,125,000
- List Price
- $3,300,000
- Closing Date
- Apr 22, 2026
- Status
- CLOSED
- MLS#
- 260002705SD
- Lot Size
- 7,000
- Acres
- 0.16
- Days on Market
- 16
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
This is a unique opportunity to own eight extensively renovated 500sf 1 Bed 1 Bath units in the premier North Park neighborhood of San Diego CA. Units are fully appointed with in-unit washer dryer, 2 zone mini-split ac units, vinyl plank floors, recessed lighting, ceiling fans, modern kitchen and bathroom finishes. Tenants enjoy Private balcony/patio space and dedicated onsite parking for each unit. The site is gated with a code lock. The building is all electric and has upgraded electrical subpanels. The building was constructed in 1977 and Renovated in 2020. Lot size is 6,974. Improved Space: 3,906 per title. Site offers desirable high density RM-3-9 Zoning (allows 1 dwelling per 600sf) which could open construction opportunity in the rear lot space. Up to 100% density bonus is allowed with deed-restricted units. Site is within Complete Communities FAR Tier 3 (6.5 FAR) and within Mobility Zone 2. These favorable zoning designations allow for increased density, waivers for development impact fees, and reduced parking requirements. This is an opportunity to entitle functional space while maintaining units for cash-flow.
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Drywall, Frame, Stucco
- Roof
- Tar/Gravel
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $225,960
- Operating Expense
- 38752
Listing courtesy of Listing Agent: Aziz Zakkout (aziz@zakkoutres.com) from Listing Office: Zakkout Real Estate Services.
Listing sold by Rita Lancaster-Hannah from Mark H. Hannah
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.