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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 1,325,000

Est. payment | -/mo

4 Beds

2 Baths

5,602 Sqft Lot

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$ 1,325,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

5,602 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision 18Th Unit (18U)

MLS Listing ID 260014756

Bedrooms 4

Full Baths 2

Year Built 1939

Lot Size 5,602 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Fully leased duplex generating $6,705/month ($80,460/yr) in gross rental income in prime North Park. Unit 1: 2BR/1BA | 800 SF | $3,385/mo. Unit 2: 2BR/1BA | 942 SF | $3,320/mo. Both units were renovated in 2023 with updated appliances and refreshed finishes, delivering a well-maintained, move-in ready product that appeals to quality-conscious tenants and owner/users alike. For the investor with a value-add eye, the 2023 renovation sets a solid baseline with real upside remaining, as a high-end finish upgrade has a clear path to premium rents in a neighborhood where renters consistently pay for quality. North Park is San Diego's most dynamic urban rental submarket, walkable, amenity-rich, and structurally undersupplied, with a WalkScore of 97 and a renter base anchored by young professionals and creatives who drive durable occupancy. This parcel is the essential second piece of a permit-approved 8-story, 70-unit development at 3933-3941 Utah Street. Plans by Ehrlich Yanai Rhee Chaney Architects are complete and entitlements are in place. Both parcels must be acquired together to complete the project. Architectural plans and permits for the 70-unit development are available. Inquire with agent for details and pricing.

Location

State CA

County San Diego

Area Metro Uptown

Zoning COMMERCIAL

Direction University to Utah St, head north.

Interior

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Exterior

Fence Other/Remarks

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Meter on Property

Roof Type Composition

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 446-411-11-00

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Virtual Tour https://www.propertypanorama.com/instaview/snd/260008132

Listed by Ken Schwartz, DRE#01854235 Century 21 Affiliated

NEARBY SCHOOL & BUSINESS

+1(619) 507-4230

tracy@tracybbaker.com

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3937-3941 Utah San Diego, CA 92104