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.
Property Details
Price:
$2,995,000
MLS #:
NDP2404996
Status:
Active Under Contract
Baths:
0
Address:
3746 31st Street
Type:
Residential Income
Neighborhood:
92104northpark
City:
San Diego
Listed Date:
May 22, 2024
State:
CA
ZIP:
92104
Lot Size:
6,267 sqft / 0.14 acres (approx)
Year Built:
1968
See this Listing
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Schools
Interior
Exterior
Community Features
Golf, Sidewalks, Suburban, Biking, Dog Park, Park
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, Level, Near Public Transit, Park Nearby
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Financial
Association Fee
0.00
Map
Community
- Address3746 31st Street San Diego CA
- Area92104 – North Park
- CitySan Diego
- CountySan Diego
- Zip Code92104
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Courtesy of Lee & Associates. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3746 31st Street
San Diego, CA
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