3953 Oregon Street, San Diego, California 92104, San Diego, 92104 - 3 bed, 1 bath
ACTIVE$1,875,000
3953 Oregon Street, San Diego, California 92104
3Beds
1Bath
1,286Sqft
7,000Lot
Year Built
1920
Close
-
List price
$1.88M
Original List price
$1.88M
Price/Sqft
$1,458
HOA
-
Days on market
-
Sold On
-
MLS number
250044424SD
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.88M(90th), sqft - 1286(50th), beds - 3(50th), baths - 1(33th).
Attention Developers. 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.
Nearby schools
6/10
Jefferson Elementary School
Public,•K-5•0.2mi
8/10
Garfield Elementary School
Public,•K-5•0.6mi
8/10
Birney Elementary School
Public,•K-5•0.8mi
7/10
Edison Elementary School
Public,•K-5•1.0mi
9/10
McKinley Elementary School
Public,•K-5•1.2mi
5/10
Adams Elementary School
Public,•K-5•1.3mi
4/10
Cherokee Point Elementary School
Public,•K-5•1.3mi
4/10
Joyner Elementary School
Public,•K-5•1.9mi
7/10
Rowan Elementary School
Public,•K-5•2.2mi
5/10
Roosevelt International Middle School
Public,•6-8•1.0mi
4/10
Wilson Middle School
Public,•6-8•1.3mi
3/10
Clark Middle School
Public,•6-8•2.1mi
4/10
Golden Hill K-8
Public,•K-8•2.2mi
5/10
Hoover High School
Public,•9-12•2.2mi
4/10
Crawford High School
Public,•9-12•3.4mi
Price History
Date
Event
Price
11/20/25
Listing
$1,875,000
10/28/22
Sold
$1,715,000
Condition Rating
Tear down
The property was built in 1920, making it over 100 years old. The listing description explicitly targets developers and states that the existing 1920-built residential structure 'will necessitate demolition and site clearing.' The provided images of the current house show significant exterior deterioration, including peeling paint and an overall dilapidated appearance, consistent with a structure that is beyond repair and whose value is solely in the land for redevelopment. There is no indication of any major renovations in the past 50 years, and the property is clearly intended for demolition to make way for new development.
Pros & Cons
Pros
Great Schools: Elementary School: McKinley Elementary School (9/10).
Prime Development Opportunity: Explicitly marketed for developers, this property offers significant potential for high-density redevelopment in a sought-after urban core.
Strategic North Park Location: Situated in the 'heart of North Park,' a highly desirable and vibrant San Diego neighborhood known for its walkability, amenities, and strong demand for new housing.
High Density Zoning & Capacity: Designated as a Complete Communities Tier 3 site with a Floor Area Ratio (FAR) of 6.5, allowing for substantial buildable square footage and maximizing development potential.
Large Contiguous Development Site: Comprising two contiguous 7,000 sqft parcels (totaling 14,000 sqft), providing an expansive footprint suitable for a larger, more impactful development project.
Excellent Site Logistics & Transit Access: Benefits from flat topography, convenient alley access, and location within a Transit Priority Area (TPA), simplifying construction and enhancing future resident accessibility.
Cons
Substantial Acquisition Cost: The list price of $1.875 million for one 7,000 sqft parcel indicates a high total investment required for the combined development site, potentially narrowing the buyer pool.
Concurrent Closing Requirement: The mandate for both contiguous parcels to close concurrently introduces transactional complexity and potential delays, requiring coordination between multiple parties.
Demolition & Site Preparation Costs: The presence of an existing 1920-built residential structure will necessitate demolition and site clearing, adding to the initial development expenses and project timeline.