Property
Listing Agent: Scott Edelstein (DRE #02043672) · Listing Office: W & D Real Estate Investments · Contact: 858-461-9452 · Bought with: Erick Ciprian · Real Broker · MLS #230013408SD · Source: CRMLS
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.
Listing description from the April 2024 sale, as reported to CRMLS.