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- LoopNet Team
4137 Louisiana St
San Diego, CA 92104
The NOLA · Land For Sale
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0.11 ac
INVESTMENT HIGHLIGHTS
- Fully entitled, permit ready development opportunity in a top tier rental market
- Proximity to Balboa Park, Downtown and Mission Valley with convenient access to Hwy 163, I-5, and I-8
- Meticulously designed by top-tier architects and developers
- Walking distance to top ranked restaurants, parks, trendy cafes, shops, schools, and entertainment amenities
- Infill lot located in Opportunity Zone and Complete Communities Tier 3 with FAR of 6.5
- Flat lot requiring minimal grading
PROPERTY FACTS
| Property Type | Land | Proposed Use | Flats |
| Property Subtype | Residential | Total Plot Size | 0.11 ac |
| Use Class | RM-3-7 - Base Zoning: RM-3-7 Complete Communities Housing Solutions FAR Tier 3: 6.5 FAR Designated Oportunity Zone | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Flats |
| Total Plot Size | 0.11 ac |
| Use Class | RM-3-7 - Base Zoning: RM-3-7 Complete Communities Housing Solutions FAR Tier 3: 6.5 FAR Designated Oportunity Zone |
DESCRIPTION
$100k PRICE REDUCTION! CBRE is pleased 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 currently 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. The property is ideally situated just south of El Cajon Blvd in the heart of North Park, which is San Diego’s most walkable and transit-friendly areas in the neighborhood. North Park has been recognized nationally multiple times. It was voted one of the “Hottest Hipster Communities in the Nation” by Forbes and more recently rated among the top “Up and Coming” neighborhoods in the U.S. by US Travel Mag. North Park has cemented itself as one of Southern California’s most authentic neighborhoods, home to award-winning restaurants, a thriving craft beer scene and vibrant street art that further adds to the neighborhood’s unique identity. Base Zoning: RM-3-7 Complete Communities Housing Solutions FAR Tier 3: 6.5 FAR ACCESS OM, PLANS & DD INFO HERE: https://www.cbredealflow.com/buyer/agreement?pv=rHPxsigHIms3OR1Y5TJLQMDhkmqP3V2qIvNLgs9JqEsoBxwcKRwTBIfW6xROnI44
