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3736 Mississippi Street San Diego CA 92104 MLS #24455505

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.

Property Details

Price:
$3,199,000
MLS #:
24455505
Status:
Active
Baths:
0
Address:
3736 Mississippi Street
Type:
Residential Income
Neighborhood:
92104northpark
City:
San Diego
Listed Date:
Oct 22, 2024
State:
CA
ZIP:
92104
Lot Size:
7,022 sqft / 0.16 acres (approx)
Year Built:
1986

Schools

Interior

Appliances
Dishwasher, Refrigerator
Cooling
None
Heating
Forced Air
Interior Features
Ceiling Fan(s)

Exterior

Garage Spaces
4.00
Parking Features
Driveway, Street, Private, Shared Driveway
Parking Spots
11.00
Stories Total
2

Financial

Map

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