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$ 2,995,000
Est. payment /mo
Active Under Contract
3746 31st ST San Diego, CA 92104
6,268 Sqft Lot
UPDATED:
10/03/2024 10:37 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID NDP2404996
HOA Y/N No
Year Built 1968
Lot Size 6,268 Sqft
Property Description
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.
Location
State CA
County San Diego
Area 92104 - North Park
Zoning R3
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 3
Pool None
Community Features Biking, Dog Park, Golf, Suburban, Sidewalks, Park
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre, Level, Near Park, Near Public Transit
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 4531530800
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Eric von Bluecher • Lee & Associates • [email protected]