3794 29th St, San Diego, CA 92104

Property Description

Income/investment property, development opportunity, or home with granny flat. We are also open to partnering on a development project or long term commercial lease. This spacious, one-of-a-kind property is in the heart of North Park directly across the street from the $3.5 million North Park Mini Park set to open this winter. The new mixed use zoning designation (CN-1-3) allows for commercial and residential development. House has a Historical Designation and is eligible for Mills Act. As an income property, the home and granny flat are tenant-occupied (a bit below market) bringing in about $4,150 per month after utility expenses. Photos are from a couple years back, but are accurately representative of the property. PLEASE DO NOT DISTURB THE TENANTS. Income/investment property or development opportunity or family home with granny flat. We are also open to partnering on a development project or long term commercial lease. This spacious, one-of-a-kind property is in the heart of North Park directly across the street from the $3.5 million North Park Mini Park set to open this winter. The new mixed use zoning designation (CN-1-3) allows for commercial and residential development. In fact, plans for three townhomes are included with the sale. However, if development is not an interest, the house has a Historical Designation and is eligible for Mills Act tax reduction. The 1356 sf home originally has two bedrooms, spacious kitchen, formal dining room, living room, den/family room with fireplace, breakfast nook, and bathroom. A second, permitted bathroom with a subway tiled, two-person shower was added en suite to the master bedroom. The master suite opens to a deck and the backyard. The house has hardwood floors, tiled bathrooms, and custom concrete countertops in the kitchen as well as the main bathroom. While the home is in the thick of activity (farmer’s market, concerts, restaurants, etc.,) it has been made into a private oasis with the surround...