CBRE is pleased to present the rare opportunity to acquire 4137 Louisiana Street, a shovel-ready development site in prime North Park, one of San Diego’s most highly coveted neighborhoods. The site lies within a Tier 3 Complete Communities Housing Solutions zone allowing for re-entitlement and development allowing a buildable FAR of 6.5. The property also lies within a Designated Opportunity Zone. 4137 Louisiana Street is a ± 4,885 square foot development site fully entitled for 12 luxury apartment homes and allows a developer access to the highly competitive North Park Development market without facing any entitlement risk or municipal processes. The permit-ready development site is located just off of University Avenue and under two blocks away from the Lafayette Hotel which sits along the vibrant El Cajon Blvd in the heart of North Park. The plans for development have been meticulously designed to be aesthetically pleasing while maximizing rental income and quality urban living. The property is ideally situated just south of El Cajon Blvd in the heart of North Park, which is San Diego’s most walkable and transit-friendly areas in the neighborhood. North Park has been recognized nationally multiple times. It was voted one of the “Hottest Hipster Communities in the Nation” by Forbes and more recently rated among the top “Up and Coming” neighborhoods in the U.S. by US Travel Mag. North Park has cemented itself as one of Southern California’s most authentic neighborhoods, home to award-winning restaurants, a thriving craft beer scene and vibrant street art that further adds to the neighborhood’s unique identity. Base Zoning: RM-3-7 Complete Communities Housing Solutions FAR Tier 3: 6.5 FAR ACCESS OM, PLANS & DD INFO HERE: https://www.cbredealflow.com/buyer/agreement?pv=3BoLUfNLm-f9y5Qgq2hQ2UFf10i9KR4bFG876HBsAsQ2WXLUQDenpZsTdPsOA6Gt