3057 Walton Pl

San Diego, CA 92116

PRICE REDUCED

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-$50,000 (-5.88%)

$800,000

List Price

3

bed Beds

1

shower Baths

809 sqft

straighten / sqft

2015

calendar_month Built

Property Description

Located in the highly sought-after North Park neighborhood, 3057 Walton Pl offers an exceptional opportunity for investors and developers. This property, zoned RM-3-9, supports a high-density residential development with a base density allowing for one dwelling unit per 600 sq ft of lot space. The property is also within the Complete Communities jurisdiction, which provides additional development incentives, including potential density bonuses. Could qualify for 203k renovation loan, contact me for details. Investor/Developer Dream The feasibility study outlines options for maximizing the site's potential, including a proposed development of up to 9 units with a total gross building area of 5,474 sq ft, utilizing the affordable density bonus program. The proposal includes various unit sizes ranging from studios to two-bedroom units, catering to a diverse tenant base. The site benefits from a prime location within a Transit Priority Area (TPA), reducing parking requirements and enhancing accessibility to public transportation. Development Potential: Max FAR: 2.7 (Up to 8,267 sq ft) Max Building Height: 60 feet Base Units: 5 units (up to 6 with affordable housing inclusion) Potential Units with Density Bonus: Up to 9 dwelling units Current Building: Existing single-family detached home, featuring 3 bedrooms and 1 bathroom with 809 sq ft of living space. **Room Dimensions based on previous floor plan of home**

Listing Information

List Price $800,000
Status Active
MLS 240019489SD
Type Residential
Subtype Single Family Residence
Year Built 2015
Lot Size 3,070
Structure Size 809
DOM 28
Courtesy Of eXp Realty of Southern California, Inc.
Listing Agent Aaron Abrams DRE#02074758
Co-Listing Agent Mark Pattison DRE#01953760

Interior Features

Laundry Information
Location(s) Laundry Room, See Remarks
Total Bedroom
Bedrooms 3
Total Bathroom
Bathrooms 1
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Aaron Abrams, Mark Pattison, eXp Realty of Southern California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 4:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.