3736 Mississippi Street Active Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92104
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID OC25137622
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Description
Luxury Live Auction! Bidding to start from $1,500,000! An Exceptional Opportunity to own a pride-of-ownership (6)-unit multifamily building in the heart of one of San Diegos most sought-after neighborhoodsNorth Park. Just three blocks from Morley Field and Balboa Park, this turnkey investment offers an unbeatable location surrounded by tree-lined streets, local eateries, and endless urban charm. Set on a generous lot with 4,710 square feet of living space, the property features a highly desirable unit mix: (2) 1-bed/1-bath units, (3) 2-bed/1-bath units, and (1) expansive 3-bed/2-bath unit. All units are fully occupied with tenants currently on month-to-month leases, allowing for immediate rental upside given the high demand and rising market rents in the area. Rents can be further raised up to 8.5%. Each unit is individually metered for gas and electricity, while the main building benefits from solar panels, eliminating the electricity bill for common areasa cost-saving feature that boosts your bottom line. NOI: $172,854 w/ strong CAP rate potential, paid-off solar, and low Operating Expenses. Recent upgrades include stylish kitchen improvements and refreshed landscaping, keeping maintenance minimal while enhancing tenant appeal. A standout in the neighborhood, the property also includes (4) private garages, (6) additional uncovered parking spaces, and rare off-street parkinga huge value-add for tenants in this high-demand pocket of North Park. Beyond the property lines, residents enjoy walkable access to Morley Fields tennis courts, dog park, pool, and athletic facilities,
Location
State CA
County San Diego
Zoning Public Rec
Interior
Heating Forced Air Unit
Cooling Wall/Window
Exterior
View Y/N No
Roof Type Tile/Clay
Building
Story 2
Others
Virtual Tour https://www.wellcomemat.com/video/54fbbf8d6ce71m795/SD/CA/92104/Mississippi/OC25137622/