3057 Walton Pl

San Diego, CA 92116

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**

Listed by Aaron Abrams of eXp Realty of Southern California, Inc. 6198533529



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Data last update at 2024