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Samuel Park

[email protected] +1(909) 310-5105

$ 2,995,000

Est. payment -/mo

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Active Under Contract

3746 31st ST San Diego, CA 92104

5,412 SqFt

UPDATED:

10/03/2024 10:37 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,412 sqft

Price per Sqft $553

MLS Listing ID NDP2404996

HOA Y/N No

Year Built 1968

Lot Size 6,268 Sqft

Acres 0.1439

Property Description

Highest Cap Rate (5.07%) and Lowest GRM (12.9) available right now in North Park, San Diego. Well maintained building with interiors featuring vinyl flooring, tile counters and updated stainless appliances in most units. 5 out of 7 units are 2 bedroom, 2 baths with master ensuite baths along with 2, one bed, one bath units. Laundry room on-site for additional income. The building is located one block away from University Ave and 3 streets away to the 30th Street corridor. In just a quick 5 minute walk to north or west, tenants have immediate access to some of the most popular nightlife, restaurants, coffee, shopping, art galleries, theater, farmers markets, brunch spots, boutiques, and breweries in all of San Diego. The property is centrally located near the 15, 805, 163, and 8 Freeways and minutes away from Balboa Park which hosts events, museums, concerts and more. Investors can buy this building and achieve a well above market cap rate on day one in addition to have plenty of opportunity to add value with further renovations and improvements such as ensuite washer/dryer additions, new windows, and more. Contact list agents for a tour and full marketing brochure.

Location

State CA

County San Diego

Area 92104 - North Park

Zoning R3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 3

Pool None

Community Features Biking, Dog Park, Golf, Suburban, Sidewalks, Park

View Y/N No

Total Parking Spaces 7

Private Pool No

Building

Lot Description 2-5 Units/Acre, Level, Near Park, Near Public Transit

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4531530800

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Eric von Bluecher • Lee & Associates • [email protected]

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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Chino Hills, CA

Samuel Park

Samuel Park

3746 31st ST San Diego, CA 92104

Key Details

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Rooms

Interior

Exterior

Building

Others

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3746 31st ST