3736 Mississippi Street

San Diego, CA 92104

PRICE REDUCED

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-$201,000 (-5.91%)

$3,199,000

List Price

11

bed Beds

7

shower Baths

4,206 sqft

straighten / sqft

1986

calendar_month Built

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.

Listing Information

List Price $3,199,000
Status Active
MLS 24455505
Type Residential Income
Year Built 1986
Lot Size 7,022
Structure Size 4,206
DOM 43
Courtesy Of The Beverly Hills Estates
Listing Agent Brandon Meneses DRE#02112187
Co-Listing Agent Dennis Dewalt DRE#02116703

Interior Features

Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 7
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Brandon Meneses, Dennis Dewalt, The Beverly Hills Estates 561-674-1733. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:26 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.