Homes for sale - 3736 Mississippi ST, San Diego, CA 92104

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Lisa Bethel

lisa.bethel@engelvoelkers.com +1(818) 319-5060

$ 3,199,000

Est. payment -/mo

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Price Dropped by $201K

3736 Mississippi ST San Diego, CA 92104

11 Beds

7 Baths

4,206 SqFt

UPDATED:

11/18/2024 11:37 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,206 sqft

Price per Sqft $760

MLS Listing ID 24455505

Bedrooms 11

HOA Y/N No

Year Built 1986

Lot Size 7,021 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 92104 - North Park

Zoning RM-1-1

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air

Cooling None

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Driveway, Private, Shared Driveway, On Street

Garage Spaces 4.0

Garage Description 4.0

Attached Garage Yes

Total Parking Spaces 11

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4530213000

Special Listing Condition Standard

Listed by Brandon Meneses • The Beverly Hills Estates

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953

+1(818) 319-5060

Lisa Bethel

3736 Mississippi ST San Diego, CA 92104

Key Details

Location

Interior

Exterior

Building

Others

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3736 Mississippi ST