Multi-Family $ 1,275,000

3933-3935 Utah

San Diego, CA 92104

  • 3 Beds
  • 2 Baths
    Full Baths: 2
  • 5,604 Lot Size
  • 1922 Year Built
Fully occupied duplex in the heart of North Park delivering $6,180/month ($74,160/yr) in gross rental income. Unit 1: 1BR/1BA | 574 SF | $2,660/mo. Unit 2: 2BR/1BA | 945 SF | $3,520/mo. Both units were thoughtfully renovated in 2023 with updated appliances and fresh finishes throughout, move-in ready for an owner/user or a turnkey hold for the investor who wants stable income from day one. For the value-add buyer, the 2023 renovation provides a clean, well-maintained canvas with clear runway to elevate finishes to a premium tier and push rents meaningfully higher in a submarket that consistently rewards quality. North Park boasts a WalkScore of 97, 60+ restaurants and bars, 20+ craft breweries, and sits within 15 minutes of 450,000+ jobs. Tenant demand here is structural and durable. Beyond the income, this parcel is one half of a permit-approved assemblage for an 8-story, 70-unit multifamily development by Ehrlich Yanai Rhee Chaney Architects with entitlement risk already eliminated. Combined with adjacent Parcel B, the 0.26-acre site is shovel-ready. Both parcels must be acquired together to complete the development. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing.
Listed by Ken Schwartz of Century 21 Affiliated

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Res Income 2-4 Units

    Listing Status Active

    Purchase Type For Sale

    Subdivision North Park

    MLS Listing ID 260008133

    Bedrooms 3

    Full Baths 2

    Year Built 1922

    Lot Size 5,604 Sqft

    Property Sub-Type Res Income 2-4 Units

  • Location

    State CA

    County San Diego

    Area Metro Uptown

    Zoning COMMERCIAL

    Direction University to Utah St, head north.

  • Building

    Story 1

    Water Meter on Property

    Level or Stories 1

  • Interior

    Heating Wall/Gravity

    Cooling Other/Remarks

    Fireplace No

  • Exterior

    Fence Other/Remarks

    Utilities Available Sewer Connected

    View Y/N No

    Water Access Desc Meter on Property

    Roof Type Composition

  • Others

    Senior Community No

    Tax ID 446-411-12-00

    Acceptable Financing Cash, Conventional, FHA, VA

    Listing Terms Cash, Conventional, FHA, VA

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CONTACT

Ken Schwartz
Ken Schwartz

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