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3968 Alabama Street, San Diego, CA 92104

Commercial property · 2 recorded sales since 2020

3968 Alabama Street, San Diego, CA 92104 Sold April 2026 CRMLS
$3,125,000Sold April 2026

Listing Agent: Aziz Zakkout (DRE #01911009) · Listing Office: Zakkout Real Estate Services · Contact: 858-531-4442 · Bought with: Rita Lancaster-Hannah · Mark H. Hannah · MLS #260002705SD · Source: CRMLS

8
Units
4.50%
Cap Rate
7,000 sqft
Lot Size
RM-3-9
Zoning
Commercial property
Type

About this commercial property

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.

Listing description from the April 2026 sale, as reported to CRMLS.

Sale history

$3,125,000
Sold April 2026 · listed $3,300,000, on market January 2026 · MLS #260002705SD · Source: CRMLS
Listing Agent: Aziz Zakkout · Listing Office: Zakkout Real Estate Services · Contact: 858-531-4442 · Bought with: Rita Lancaster-Hannah · Mark H. Hannah
$1,875,000
Sold May 2020 · listed $2,000,000, on market October 2019 · MLS #190059055 · Source: CRMLS
Listing Agent: Aziz Zakkout · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Krista Berger · Pacific Coast Commercial RE
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