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… Read More 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. Read Less
Property listed by Century 21 Affiliated, Ken Schwartz 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Lot Size
0.13 Acres
Year Built
1939
MLS Number
260008132SD
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1939, 2 buildings, 1 storey, Levels: One
Community
Park Name: North Park
Cooling
CentralAir
Heating
ForcedAir, NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $80,460, Net Operating Income: $55,217
Lot
0.1286 acres
Roof
Composition
Taxes
Parcel Number: 4464111100, Zoning: COMMERCIAL
Tenant Pays
SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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