CA > San Diego
San Diego, CA 92104,3736 Mississippi St
San Diego, CA 92104,3736 Mississippi St
San Diego, CA 92104,3736 Mississippi St
13
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$3,199,000
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11 BD
7 BA
4,206 SqFt
Price Dropped by $201K

3736 Mississippi St San Diego, CA 92104

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Chan Wathen

Chan Wathen

+1(702) 461-7869

UPDATED:

11/18/2024 10:24 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,206 sqft

Price per Sqft $760

MLS Listing ID 24-455505

Bedrooms 11

Year Built 1986

Lot Size 7,022 Sqft

Acres 0.1612

Property Description

Presenting an exceptional investment opportunity with a 5.1% Cap Rate in the highly desirable North Park area of San Diego. Located just three blocks from Morley Field and Balboa Park, this 4,710-square-foot, six-unit multifamily building offers tenants convenient access to a wide range of amenities, including tennis courts, a dog park, and expansive athletic facilities all within walking distance. This fully occupied, well-maintained property features two 1-bedroom, 1-bath units; three 2-bedroom, 1-bath units; and one 3-bedroom, 2-bath unit. It also features four 1-car garages, 6 uncovered parking spots, and ample off-street parking, a rare find in this neighborhood. Recent updates include upgraded kitchens and refreshed landscaping minimizing maintenance costs and maximizing return on investment. The spacious and thoughtfully designed units are in great condition, attracting quality tenants and offering robust rental income potential. Positioned in the heart of North Park, one of San Diego's trendiest and most vibrant neighborhoods, this property benefits from its proximity to popular local attractions, shopping, and dining hotspots. Residents can enjoy renowned restaurants like The Smoking Goat, Urban Solace, and Tribute Pizza, along with entertainment venues such as the Observatory North Park. The area's thriving business scene and diverse cultural offerings add to its appeal, making it a prime location for investors seeking long-term growth and steady cash flow. With its central location, strong tenant appeal, and potential for appreciation, this property is an ideal addition to any multifamily real estate portfolio. Don't miss out on the chance to invest in one of San Diego's most in-demand and dynamic neighborhoods, where a combination of art, culture, and commerce creates an environment poised for continued growth.

Location

State CA

County San Diego

Area North Park

Zoning RM-1-1

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling None

Equipment Ceiling Fan, Dishwasher, Freezer, Range/Oven, Refrigerator

Exterior

Parking Features Driveway, Garage - 4+ Car, Garage Is Attached, On street, Private Garage, Shared Driveway

Garage Spaces 11.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Beverly Hills Estates

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Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

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3736 Mississippi St