4/17 price reduction. Almost a 6 cap on Proforma. Property shows well. Less than $350,000 per unit. For sale is a stabilized multifamily investment property located at 4270 34th St. San Diego, Ca 92104, in the popular North Park Community. This is an 8 unit Huffman style apartment building property consisting of (5) 1bed / 1 bath units and (3) 2 bed / 1 bath units. All units are rented at or near market rents allowing the future owner to keep pace with rising rents. Located on the alley are (4) 1 car garages that can be converted into multiple ADU's adding tremendous value with relatively little investment dollars. Easy upside to a 5.7 cap by adding RUBS, laundry, parking income and increase units to market rents.
Wonderful 3 unit opportunity in North Park with room for expansion! Ideal for an investor, or an owner occupant who wants immediate income. Potential opportunity to add 2 more ADUs to the lot for a total of 5 units. Front house is a 2 bed, 1 bath approx 900 sf with great Spanish style curb appeal, original hardwood floors and updated kitchen and bath. Long driveway plus 1 car garage that is currently used for storage. 2nd unit is a super cute 1/1 that has been recently remodeled. 3rd unit is a detached 1/1 with several upgrades. Tenants pay all utilities and each unit has it's own washer/dryer. Backyard is flat and spacious with mature landscaping. Located close to freeways and the bars/restaurants/shops of North Park.
We are proud to present 3968-3974 Oregon Street, a turn key 4-unit investment property located in the heart of North Park. The property features (2) detached 2bedroom/1bath SFR's, (1) extra-large 2bed/1bath apartment, (1) studio apartment, & (3) single car garages.........................................................................A new owner has significant upside to increase value by (1) converting the existing 3 garages into ADUS or (2) begin a new ground up development as allowed by right. This site (zoned RM3-9) falls under the complete communities' 6.5 FAR designation and transit priority area.
Welcome to this turn-key four-unit property (2 Units + 2 ADUs) + a bonus 5th non-conforming unit located in the popular North Park neighborhood of San Diego. This property consists of 1 Duplex top/bottom with 2 identical 3 bed 2 baths, 2 new construction ADUs both 1 bed 1 bath, and a 5th non-confirming 1 bed 1 bath unit. This is an excellent opportunity for an owner-occupant or a savvy investor. This property could bring in upwards of $12,000+ in gross long-term rents or push that further by having a mix of short-term and long-term rentals. With a location that is second to none, you can walk to everything North Park has to offer, including amazing restaurants, shopping, bars, parks, and canyon hiking trails. Strategic financing options are available for owner-occupied and non-owner-occupied purchasers - VA, Conventional, DSCR, and non-QM financing are all available!
Builder offering 2-1 Mortgage Rate Buy down, Year 1- 4.5% Year 2- 5.5% | Prefered Lender & Seller offering $10,000 credit toward closing costs. * One of two remaining units, this is the model & comes with upgraded flooring throughout. Rare opportunity to own in North Park's newest community, Point North Park. Newly completed community of 5 luxurious townhomes, this gorgeous, highly desirable residences will not last long! Open living spaces and designer finishes combine with superior quality construction to satisfy even the most discerning of tastes. Ideally located within short walking distance to North Park's trendy restaurants, coffee shops, retail establishments and popular farmer's market. The residence's contemporary design showcases luxuriously large, open living spaces with loads of natural light, high ceilings, and an expansive private rooftop deck (with gas hook up for barbecue) to experience outdoor living at its finest. Gourmet kitchens are the entertainer's delight offering huge prep space, loads of storage and designer finishes. This 3 bed/3 1/2 bath townhouse features over 1500 sf appointed with European-styled cabinets, quartz countertops, large kitchen island with waterfall, stainless steel GE Profile appliances package, dedicated pantry closet, large master bedroom with walk-in and elegant master bathroom and private attached 2-car garage. Buyer's Agent must register client in person at client's first visit. *Rates, terms, & availability of program subject to change.
**Deed Restricted Unit** Buyer must meet income and qualifications guidelines. Fabulous opportunity to own a home in the sought-after La Boheme complex, ideally located in the heart of North Park. This condo offers impressive features including in-unit laundry, central heating/air, and laminate flooring throughout. Step outside to a charming courtyard patio with a retractable screen door for enjoying the outdoors. Upgrades include custom built-in floor-to-ceiling cabinets in the dining area and second bedroom providing ample storage space. The unit also includes two gated underground parking spaces and additional storage. The complex features a gym, rec room, sauna, hot tub, and an on-site manager. Conveniently located near University Ave, close to restaurants, bars, and shops.
Builder offering 2-1 Mortgage Rate Buy down, Year 1- 4.5% Year 2- 5.5% | Prefered Lender & Seller offering $10,000 credit toward closing costs. * This unit one of two remaining units. Rare opportunity to own in North Park's newest community, Point North Park. Newly completed community of 5 luxurious townhomes, this gorgeous, highly desirable residences will not last long! Open living spaces and designer finishes combine with superior quality construction to satisfy even the most discerning of tastes. Ideally located within short walking distance to North Park's trendy restaurants, coffee shops, retail establishments and popular farmer's market. The residence's contemporary design showcases luxuriously large, open living spaces with loads of natural light, high ceilings, and an expansive private rooftop deck (with gas hook up for barbecue) to experience outdoor living at its finest. Gourmet kitchens are the entertainer's delight offering huge prep space, loads of storage and designer finishes. This 3 bed/3 1/2 bath townhouse features over 1500 sf appointed with European-styled cabinets, quartz countertops, large kitchen island with waterfall, stainless steel GE Profile appliances package, dedicated pantry closet, large master bedroom with walk-in and elegant master bathroom and private attached 2-car garage. Buyer's Agent must register client in person at client's first visit. *Rates, terms, & availability of program subject to change.
4349-55 Arizona St San Diego CA 92104 APN#445-351-06-00 to be included in the sale. We are pleased to present this amazing opportunity with multiple value add opportunities and strong existing income ($20,650 monthly gross income). This site presents an increasingly rare urban infill opportunity to purchase two 7,000 SF lot (approx. 14,000 SF), with (8) income generating residential units in the heart of San Diego's hippest neighborhood, North Park. The base zoning on this lot is RM-3-9 allowing for residential development with a 60-foot height limit, 2.7 FAR, and a density of 1 per 600 Sf. To increase density further, the micro unit density bonus can be used to double the existing density, or the Complete Communities program can be used to build 96 units. Alternatively, the current structures include (8) garages that can be converted to (4) ADUs. The units feature fully renovated interiors with W&D's in each and private fenced yards for all units.
Rare Opportunity to own a newer apartment building finished in 2020 in one of San Diego's most prestigious neighborhoods. This property generates great cash flow at $12,940 per month and gives the new owner the opportunity to take advantage of a newly constructed apartment complex. Utah St has plenty of onsite parking both in front atn on alley as well as in unit washer and dryers. Its a 5 Unit building. 2 (2/2), 2 (2/1) and a studio. The two bedrooms range in size from 750 sqft - 845 sqft. This location attracts young professionals who are looking for a great central location as well as a beautiful building with contemporary finishes. Located just off of El Cajon blvd within minutes of all the action. The building is fully leased out with great tenants who love the property.
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