4017 SWIFT AVENUE, SAN DIEGO, CA 92104

3 Beds, 2 Baths, 1264 Sqft

$992,240

Sold Price:$2,300,000

Sold Date:11-06-2023


The Swift Avenue properties present a fantastic opportunity to purchase two well located assets with existing cashflows and significant development potential. The lots reside in a Qualified Opportunity Zone, Transit Priority Area and fall within the Complete Communities Plan with an attractive 6.5 FAR. The sites are composed of two parcels totaling 13,011 SF of land with a 1,264 SF 2BR/2BA house on a 5,722 SF lot, and a contiguous 1,533 SF 3BR/1BA house with detached single car garage on a 7,289 SF lot. Multiple opportunities are available to develop the property. A recent yield study shows options from 37 to 56 apartment units with variations on mixed use amenities and parking. The adjacent lot is currently for sale and if purchased simultaneously could potentially yield up to 132 units, along a corner lot that fronts University Avenue. Any future project on these sites would be extremely well located in central San Diego with immediate access to both the 805 and 15 freeways, walking distance to the nearby elementary school and several retail establishments along University Avenue. Mid-City San Diego is gentrifying rapidly under the new Complete Communities plan zoning. This is an excellent opportunity for an investor/developer to get in on the ground floor as the area flourishes well into the future.



DETAILED INFORMATION
MLS#:230000735Sold Price:$2,300,000
Sold Date:11-06-2023 Original Price:$992,240
List Status:SoldProperty Type:Detached
Parcel Number:447-390-13-00School District:
Days on Market:300Sqft:1264
Complex Name:Sold Price Per Sqft:$1,820
Subdivision:San DiegoStories:1 Story
Community:Normal HeightsBed:3
Year Built:1923Baths:2
Zoning:Arch. Style:
Pool:N/kLot Size:4,000-7,499 Sf
Spa:Lot Sqft:
Exterior:Other/remarksLot Description:Alley Access
Floors:None KnownAcres:0.00
Roof:CompositionAge Restrictions:N/k
Water:Meter On PropertyTopography:Level
Sewer:Public SewerFireplace:
Fence:N/kPets:
Association Name:Assoc Phone:
Association Fee:$0Assoc Includes:
Assoc Fee Paid:Heating:N/k
Other Fees:$0Cooling:N/k
Other Fee Paid:Other Fee Type:N/k
Mello Roos:$0Mello Roose Paid:
Master Bedroom:10x10Family Room:10x10
Bedroom 2:10x10Bedroom 3:10x10
Bedroom 4:Bedroom 5:
Kitchen:10x10Living Room:10x10
Other Room:Miscellaneous:
Additional Land Use:Parking:None Known
Boat Facilities:Security:
Guest House: N/kPatio:
Frontage:Other/remarksTelecommunications:
Irrigation:Equipment:N/k
Amenities:Laundry:N/k
Property Management:Property Management Phone:


HOW THIS HOME COMPARES TO NEARBY CURRENTLY FOR SALE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTLIST PRICELIST PSQFT

  3723 SWIFT AVE, SAN DIEGO, CA 92104NORMAL HEIGHTS19480 $609,000$1,269
  3329 ORANGE AVE, SAN DIEGO, CA 92104NORTH PARK701227 $1,249,000$1,018
  3211 LINCOLN AVE, SAN DIEGO, CA 92104NORTH PARK6820 $980,000$1,195
  4372 BANCROFT ST, SAN DIEGO, CA 92104NORTH PARK491296 $1,200,000$926
  4453 WILSON AVENUE, SAN DIEGO, CA 92116541718 $1,349,000$785
  4485 WILSON AVE, SAN DIEGO, CA 92116NORMAL HEIGHTS61360 $1,099,000$808
  3370 GREGORY, SAN DIEGO, CA 92104ALTADENA41111 $1,100,000 - $1,200,000$1,080
  4579 36TH ST, SAN DIEGO, CA 92116NORMAL HEIGHTS21093 $995,000$910

FOR SALE AVERAGES:26 1,138 $1,085,125$999
  4017 SWIFT AVENUE, SAN DIEGO, 92104San Diego3001264 $992,240$785


NEARBY SOLD HOMES PREVIOUS 6 MONTHS FROM LISTING SOLD DATE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTSOLD PRICESOLD PSQFT

   4021 SWIFT AVENUE, SAN DIEGO, CA 92104SAN DIEGO3001533$2,300,000$1,500
   3857 36TH STREET, SAN DIEGO, CA 92104NORTH PARK27952$850,000$893
   3857 36TH ST, SAN DIEGO, CA 92104CITY HEIGHTS105952$475,000$499
   3569 WIGHTMAN ST, SAN DIEGO, CA 92104NORTH PARK34660$675,000$1,023
   4142 WABASH AVE, SAN DIEGO, CA 92104NORTH PARK981886$1,000,000$530
   3612 POLK AVE, SAN DIEGO, CA 92104TERALTA60900$670,000$744
   4046 CHEROKEE AVE, SAN DIEGO, CA 92104CHEROKEE POINT77621$540,000$870
   3579 ORANGE, NORTH PARK (SAN DIEGO), CA 9210488720$620,000$861
   3668 POLK AVENUE, SAN DIEGO, CA 92104CHEROKEE POINT53672$690,000$1,027
   4239 CHEROKEE AVE, SAN DIEGO, CA 92104NORTH PARK461150$825,000$717
   3558 WILSON AVE, SAN DIEGO, CA 92104NORTH PARK702351$950,000$404
   3359 MEADE AVE, SAN DIEGO, CA 9211657660$595,000$902
   3359 MEADE AVENUE, SAN DIEGO, CA 92116NORMAL HEIGHTS23660$800,000$1,212
   3676 DWIGHT STREET, SAN DIEGO, CA 92104NORTH PARK35660$770,000$1,167
   4334 38TH ST., SAN DIEGO, CA 92105NORMAL HEIGHTS23684$772,000$1,129
   3655 31ST ST, SAN DIEGO, CA 92104NORTH PARK321065$1,340,000$1,258
   3515 37TH STREET, SAN DIEGO, CA 921059880$801,000$910
   4457 33RD PL, SAN DIEGO, CA 92116NORMAL HEIGHTS151000$851,000$851
   3426 FELTON, SAN DIEGO, CA 92104NORTH PARK77676$984,500$1,456
   3557 HERMAN AVE, SAN DIEGO, CA 92104NORTH PARK41976$1,025,000$1,050
   3330 NILE, SAN DIEGO, CA 92104ALTADENA401569$1,300,000$829
   3608 MONROE AVE., SAN DIEGO, CA 92116TERALTA HEIGHTS SUBDIVISION 2441126$710,000$631
   3064 MYRTLE AVE., SAN DIEGO, CA 92104NORTH PARK421200$1,209,000$1,008
   3629 29TH ST, SAN DIEGO, CA 92104NORTH PARK441171$1,070,000$914
   4518 39TH ST, SAN DIEGO, CA 92116NORMAL HEIGHTS19970$1,030,000$1,062
   3645 41ST ST, SAN DIEGO, CA 92105CITY HEIGHTS791268$781,000$616
   3787 MARLBOROUGH AVE, SAN DIEGO, CA 92105CITY HEIGHTS26618$650,000$1,052
   2852 GUNN ST., SAN DIEGO, CA 92104NORTH PARK34632$810,000$1,282
   4621 36TH ST, SAN DIEGO, CA 92116NORMAL HEIGHTS1031428$1,465,000$1,026
   3227 BANCROFT ST, SAN DIEGO, CA 92104ALTADENA321457$1,400,000$961
   3549 41ST STREET, SAN DIEGO, CA 92105451077$665,000$617
   4673 35TH ST, SAN DIEGO, CA 92116NORMAL HEIGHTS121975$940,000$964
   3645 MARLBOROUGH AVENUE, SAN DIEGO, CA 9210541756$795,000$1,052
   4404 MARLBOROUGH AVE, SAN DIEGO, CA 92116KENSINGTON341052$937,500$891
   4164 DWIGHT ST, SAN DIEGO, CA 92105FAIRMONT VILLAGE261009$730,000$723
   4555 OHIO ST, SAN DIEGO, CA 92116NORTH PARK34800$1,130,000$1,413
   3114 BANCROFT ST, SAN DIEGO, CA 92104ALTADENA371008$1,145,000$1,136
   4668 MOUNTAIN VIEW DRIVE, SAN DIEGO, CA 9211628739$930,000$1,258

SOLD AVERAGES:55 1,014 $927,132$959




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Listing Provided Courtesy of: Sean Bascom, South Coast Commercial, Inc..

Listing sold by: Sean Bascom, South Coast Commercial, Inc..

Data Updated May 15 2024 22:11:48

Listing Last Modified:11-08-2023 03:30:24


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