3736 Mississippi Street
$3,199,000
11
7
4,206
4,206
$761
Description
Presenting an exceptional investment opportunity with a 5.1% Cap Rate in the highly desirable North Park area of San Diego. Located just three blocks from Morley Field and Balboa Park, this 4,710-square-foot, six-unit multifamily building offers tenants convenient access to a wide range of amenities, including tennis courts, a dog park, and expansive athletic facilities all within walking distance. This fully occupied, well-maintained property features two 1-bedroom, 1-bath units; three 2-bedroom,...Presenting an exceptional investment opportunity with a 5.1% Cap Rate in the highly desirable North Park area of San Diego. Located just three blocks from Morley Field and Balboa Park, this 4,710-square-foot, six-unit multifamily building offers tenants convenient access to a wide range of amenities, including tennis courts, a dog park, and expansive athletic facilities all within walking distance. This fully occupied, well-maintained property features two 1-bedroom, 1-bath units; three 2-bedroom, 1-bath units; and one 3-bedroom, 2-bath unit. It also features four 1-car garages, 6 uncovered parking spots, and ample off-street parking, a rare find in this neighborhood. Recent updates include upgraded kitchens and refreshed landscaping minimizing maintenance costs and maximizing return on investment. The spacious and thoughtfully designed units are in great condition, attracting quality tenants and offering robust rental income potential. Positioned in the heart of North Park, one of San Diego's trendiest and most vibrant neighborhoods, this property benefits from its proximity to popular local attractions, shopping, and dining hotspots. Residents can enjoy renowned restaurants like The Smoking Goat, Urban Solace, and Tribute Pizza, along with entertainment venues such as the Observatory North Park. The area's thriving business scene and diverse cultural offerings add to its appeal, making it a prime location for investors seeking long-term growth and steady cash flow. With its central location, strong tenant appeal, and potential for appreciation, this property is an ideal addition to any multifamily real estate portfolio. Don't miss out on the chance to invest in one of San Diego's most in-demand and dynamic neighborhoods, where a combination of art, culture, and commerce creates an environment poised for continued growth.
- Listed by Brandon Meneses • DRE #02112187 • Brokerage DRE #01993345 • The Beverly Hills Estates
- Listed by Dennis Dewalt • DRE #02116703 • Brokerage DRE #01993345 • The Beverly Hills Estates
Property Details for 3736 Mississippi Street
Zoning
RM-1-1
Parcel Number4530213000
Total Units6.0
Living Area4206
Source Living AreaVendor Enhanced
AreaNorth Park (NOP)
Vacancy Rate0
Lot Size Area7022
LISTING UPDATED: 11/18/2024 03:24 PM
Property Details for 3736 Mississippi Street
Status | Active |
---|---|
MLS # | 24-455505 |
Days on Market | 60 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1986 |
Lot Size | 0.16 AC / 7,022 SF |
County | San Diego County |
Building Information for 3736 Mississippi Street
Stories2Residences-Year Built1986Building Size-Lot Size0.16 AC / 7,022 SF
Property Information for 3736 Mississippi Street
Property History for 3736 Mississippi Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3736 Mississippi Street
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 1 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Jefferson Elementary School PublicK to 5 | ||
Roosevelt International Middle School Public6 to 8 | ||
Alba School Public1 to 12 | ||
Home & Hosp/Transition Support PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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