3736 Mississippi St Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92104
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
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
Garage Driveway, Garage - 4+ Car, Garage Is Attached, On street, Private Garage, Shared Driveway
Garage Spaces 11.0
Building
Story 2
Others
Special Listing Condition Standard