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$ 1,225,000
$ 1,325,000 7.5%
Est. payment | /mo
4 Beds
2 Baths
5,602 Sqft Lot
$ 1,225,000
$ 1,325,000 7.5%
Est. payment | /mo
4 Beds
2 Baths
5,602 Sqft Lot
Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision 18Th Unit (18U)
MLS Listing ID 260014756
Bedrooms 4
Full Baths 2
Year Built 1939
Lot Size 5,602 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Fully leased duplex generating $6,705/month ($80,460/yr) in gross rental income in prime North Park. Unit 1: 2BR/1BA | 800 SF | $3,385/mo. Unit 2: 2BR/1BA | 942 SF | $3,320/mo. Both units were renovated in 2023 with updated appliances and refreshed finishes, delivering a well-maintained, move-in ready product that appeals to quality-conscious tenants and owner/users alike. For the investor with a value-add eye, the 2023 renovation sets a solid baseline with real upside remaining, as a high-end finish upgrade has a clear path to premium rents in a neighborhood where renters consistently pay for quality. North Park is San Diego's most dynamic urban rental submarket, walkable, amenity-rich, and structurally undersupplied, with a WalkScore of 97 and a renter base anchored by young professionals and creatives who drive durable occupancy. This parcel is the essential second piece of a permit-approved 8-story, 70-unit development at 3933-3941 Utah Street. Plans by Ehrlich Yanai Rhee Chaney Architects are complete and entitlements are in place. Both parcels must be acquired together to complete the project. Architectural plans and permits for the 70-unit development are available. Inquire with agent for details and pricing.
Location
State CA
County San Diego
Area Metro Uptown
Zoning COMMERCIAL
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Exterior
Fence Other/Remarks
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 1
Water Meter on Property
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Listed by Ken Schwartz, DRE#01854235 Century 21 Affiliated
Bought with Ian Duffy Black Label Realty
Bought with Ian Duffy Black Label Realty
NEARBY SCHOOL & BUSINESS
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