Property listed by CBRE, Allen Chitayat 858-546-2644
We are excited to present the opportunity to acquire 4137 Louisiana Street, a rare shovel-ready development site in prime North Park, one of San Diego’s most highly coveted neighborhoods. The site is fully entitled for the development of 12 luxury apartment homes but lies within a Tier 3 Complete Communities Housing Solutions zone allowing for re-entitlement and development allowing a buildable FAR of 6.5. The property also lies within a Designated Opportunity Zone. 4137 Louisiana Street is a ± 4,885 square foot development site fully entitled for 12 luxury apartment homes and allows a developer access to the highly competitive North Park Development market without facing any entitlement risk or municipal processes. The permit-ready development site is located just off of University Avenue and under two blocks away from the Lafayette Hotel which sits along the vibrant El Cajon Blvd in the heart of North Park. The plans for development have been meticulously designed to be aesthetically pleasing while maximizing rental income and quality urban living.
We are excited to present the opportunity to acquire 4137 Louisiana Street, a rare shovel-ready development site in prime North Park, one of San Diego’s most highly coveted neighborhoods. The site is fully entitled for the development of 12 luxury apartment homes but lies within a Tier 3 Complete Communities Housing Solutions zone allowing for re-entitlement and development allowing a buildable FAR of 6.5. The property also lies within a Designated Opportunity Zone. 4137 Louisiana Street is a ± 4,885 square foot development site fully entitled for 12 luxury apartment homes and allows a developer access to the highly competitive North Park Development market without facing any entitlement risk or municipal processes. The permit-ready development site is located just off of University Avenue and under two blocks away from the Lafayette Hotel which sits along the vibrant El Cajon Blvd in the heart of North Park. The plans for development have been meticulously designed to be aesthetically pleasing while maximizing rental income and quality urban living.
Land
Other
--
--
--
0.11
Active
67
-- Sq. Ft.
4,887 Sq. Ft.
Location
- No
Allen Chitayat
CBRE
San Diego
250016987SD
Average List Price
$928,455
4%
Average Sale Price
$929,302
4%
Days on Market
57
2%
Homes Sold
55
33%
Median List Price
$899,000
8%
Median Sale Price
$905,000
5%
Sale/Price Ratio
100%
0%
Homes for Sale
40
38%
Nearby homes for sale
Based on information from California Regional Multiple Listing Service, Inc. as of 03/31/2025 12:53 AM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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