3953 Oregon Street, San Diego, California 92104, San Diego, 92104 - 3 bed, 1 bath
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San Diego, California 92104
This High-Density Development Asset is listed at $1,749,500, representing a strategic acquisition in North Park’s Transit Priority Area. While the Fair Market Value is $1,601,112, the price reflects the exceptional Complete Communities Tier 3 zoning with a 6.5 FAR. The property carries a Condition Rating of 6, as the value lies in the 7,000 sqft flat lot with alley access. Requiring a concurrent close near McKinley Elementary (9/10) in the San Diego Unified district, this site offers massive ROI potential for Institutional Developers or Multi-Family Investors.
Property is land value only, full reconstruction required.
Built in 1920, this property is being marketed as a development opportunity rather than a residence. The listing emphasizes the land's high-density zoning (FAR 6.5) and transit priority location. The existing structure shows extreme physical depreciation and obsolescence, with the value residing almost entirely in the 7,000 sqft lot.
Elementary School: McKinley Elementary School (9/10).
Zoned under Complete Communities Tier 3 with a massive 6.5 FAR, this property offers rare high-density redevelopment opportunities in a high-demand urban core.
Situated in a Transit Priority Area in the heart of North Park, the site qualifies for development incentives and benefits from excellent walkability and public transport access.
The requirement to purchase and close concurrently with the neighboring parcel at 3957-3961 Oregon Street increases the total capital requirement and complexity of the transaction.
The existing 1920s residence adds little value relative to the land price, effectively serving as a tear-down that necessitates additional demolition costs for developers.
Price reduced. 2 contiguous 7k parcels in the heart of North Park in the Transit Priority Area. Being sold together with the neighboring site at 3957-3961 Oregon Street. Both parcels must close concurrently. Complete Communities Tier 3 with a FAR of 6.5. Flat lots with alley access. Bring your fresh ideas to this wonderful development area.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 32% |
| Square foot | 1,286 | 1,240 | 57% |
| Lot Size | 7,000 | 4,480.5 | 87% |
| Price | $1.75M | $1.21M | 87% |
| Price per sq ft | $1.4K | $974 | 99% |
| Built year | 1920 | 1934 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 153 | 153 | 51% |
Apr 15, 2026
$1,749,500
$1,799,500
-3% Price Drop
Initial Listing
Mar 10, 2026
$1,799,500
$1,850,000
-3% Price Drop
Initial Listing
Feb 4, 2026
$1,850,000
$1,875,000
-1% Price Drop
Initial Listing
Nov 20, 2025
$1,875,000
Initial Listing
Oct 28, 2022
$1,715,000
Public Record