Multi-Family $ 1,325,000

3937-3941 Utah

San Diego, CA 92104

  • 4 Beds
  • 2 Baths
    Full Baths: 2
  • 5,602 Lot Size
  • 1939 Year Built
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 for separate purchase. Inquire with agent for details and pricing.
Listed by Ken Schwartz of Century 21 Affiliated

VIRTUAL TOUR

PROPERTY DETAIL

  • 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 260008132

    Bedrooms 4

    Full Baths 2

    Year Built 1939

    Lot Size 5,602 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 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

  • 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

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Ken Schwartz
Ken Schwartz

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