3974-78 Kansas St, San Diego, CA 92104

• 5 beds |
• 4 baths

Property Description

Exceptional value-add and redevelopment opportunity in the heart of North Park. The property is currently a 4-unit property situated on a 7,000 SF lot. Zoned RM-3-9 with approximately 600 SF per unit density, 2.7 FAR, and up to 60 feet of height, and located within both TPA and SDA overlay zones, the site offers significant multifamily development potential. Investors can pursue a near-term value-add strategy by updating units to achieve market-rate rents, with longer-term upside through expansion or higher-density redevelopment. With limited infill land available and ongoing demand for well-located multifamily housing, North Park continues to experience strong rent growth and long-term appreciation. This asset offers investors a flexible strategy to capture near-term cash flow while positioning for future redevelopment in a high-barrier-to-entry market.

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

April 1, 2026 at 10:12PM

Listing Office:

Landmark Multifamily and Development : 408-368-5225

Listing Agent:

Daniel A Sipher : 408-368-5225

MLS ID:

260006178

Interior

• A/C: N/KOther/Remarks

Construction

• Roofing: Other/Remarks
• General: Other/Remarks1 Story

Location

• Originating MLS: SDMLS
• County: San Diego

Lot

• Zoning: RM-3-9446-411-28-00
• Fencing: Other/Remarks

Financial

• Source: SDMLS