3740 5th, Mission Hills, CA 92103

$3,300,000
List Price
$3,300,000

Property Description

Uptown Lofts, is a fully entitled mixed use project located in the Hillcrest Gateway District. Uptown Lofts is a 23 unit mixed use multi-family project that offers one 815SF ground floor retail space. To enhance the density of the project, it will offer two very low income affordable units to the community. This fully entitled project is designed by Safdie Rabines Architects & will feature primarily studios, 1 bedroom + dens & 2 bedrooms. The top floor units will feature double height ceilings providing tenants with additional living space on a mezzanine level. This is a unique opportunity for a developer to purchase this property now, while the highly anticipated specific plan is underway. Uptown Lofts’ location is in close proximity to restaurants, night life & is just few minutes outside of downtown San Diego. The project location, strong market fundamentals and lack of new inventory should lead to a cash-flow in an upward trending market.

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Calculator source: Real Geeks

Listing courtesy of Canter Brokerage