Listed by Thomas McCartin with Marcus & Millichap 858-373-3100

We are pleased to present 3738-46 Florida Street & 1935-39 Robinson Ave on one parcel. Together both addresses combine for (7) Two Bed / One Bath units with (7) single-car garages. Long-term ownership has done a great job maintaining the property. In 2006 current ownership invested over $250,000 in capital improvements including; Windows, Exterior Painting, Roofs, Landscaping, Water Heaters, etc. Upon a vacancy, the unit was painted with new appliances as needed. The Property is ideally situated on a large corner lot that is almost 11k SQFT. There is a common area laundry facility and plenty of on-site and street parking. The property rests just south of the heart of North Park and University Ave. Residents can enjoy being within walking distance of Balboa Park and within minutes of Hillcrest and Downtown San Diego. One of the most established neighborhoods in San Diego, the property is surrounded by primarily residential with a cultured and trendy community with great walking proximity to popular restaurants and entertainment. The property boasts a 92/100 Walk Score. 3738-46 Florida St and 1935-39 Robinson Ave under the city of San Diego's Complete Community Housing Solutions Tier 3 FAR 6.5. The new owner can redevelop the property to build a max new building Square Footage of 65,553 SQFT. We estimate a new owner could build between 40 and 60 units. A less aggressive buyer can easily convert all garages into ADU Units. As strictly an investment there are several nearby properties that have sold for a similar $/unit & $/sqft.