Discover this highly desirable property in North Park, offering versatile residential and commercial capabilities. The first floor features a spacious 2-bedroom layout with a full bath, perfect for a variety of uses. The second floor boasts a cozy 1-bedroom with a half bath; the kitchen can easily be reconverted back to a full kitchen (stove needed). Each floor has separate entrances, providing privacy and flexibility. With 720 sq. ft. on each level (1,440 sq. ft. total per appraisal), this property is ideal for investors or those looking to live and work in a vibrant community. Don’t miss this opportunity to own a piece of North Park! Contact us today for more details!
Excellent North Park - City Heights location in one of the most vibrant rental areas in Metro San Diego. This property consists of 3 two bedroom/one bath units and 6 one bedroom/one bath units with onsite laundry as well as parking with 4 spaces in the front and 5 spaces off the alley. Ideally located on a 7,005 square foot parcel, incredible opportunities exist for the new owner who wishes to renovate and personalize the interior and exterior spaces. This property has been in the same family for 49 years and has been well maintained with moderate updating. Walkscore.com rates this property as a 90 out of 100 with nearby parks and shopping, so daily errands may not require a car. Actual Operating Expenses listed here are an average for the years 2021-24. Gross Rent Multiplier uses actual gross scheduled rents. Square footage of improvements shown here is an estimate based upon the property management company's estimate of each unit. Cap rate is annualized and adjusted for Capital Expenditures
We are pleased to present 4160 Texas, a newly renovated seven-unit luxury apartment community located in San Diego’s coveted North Park neighborhood. Built in 1987 and renovated down to the studs in 2024 as part of a $1M high end renovation, 4160 Texas St is comparable to a new construction building. The property’s meticulously designed apartment homes have elevated apartment living in this prime urban infill submarket. The apartment homes were carefully designed to unlock the units’ full potential by optimizing space and creating easy-to-furnish layouts with top-of-the-line finishes. The building boasts an exceptional unit mix of five (5) large two-bedroom units and two (2) large one-bedroom units. Every unit takes advantage of open-concept floor plans that maximize space and comfort. Unit amenities include full size washer dryers in every unit and private patios and/or balconies for select units. Six single car garages are also attached to the building providing optimal parking and storage options for residents. An additional nine (9) surface parking spaces are available at both the front and rear of the building. Additional on-site amenities for residents include secured bike parking as well as secured gated access for the entire property.
4149 Wabash is a fully renovated 9-unit multifamily property with strong rental income. Set on a generous 6,995 square foot lot, this well-maintained property offers a diverse unit mix, featuring Four Studio Units, Four 1-Bedroom/1-Bathroom Units, and One 2-Bedroom/1-Bathroom Unit. Every unit has been thoughtfully updated with modern finishes and includes in-unit laundry, enhancing tenant convenience and appeal. With high-quality upgrades throughout, 4149 Wabash combines low-maintenance operations with strong tenant demand. Current rents provide strong cash flow, making this an excellent opportunity for investors seeking a stable, income-generating asset with minimal upkeep.
See Offering Memorandum in attachments SOUTH PARK PREMIER SITE Showpiece urban investment on a prime corner in San Diego's beloved South Park Neighborhood. 3 Stunning Residential Lofts, all mo-to-mo, 2 Commercial Suites and 1 Verizon Cell Tower. Market Rate 6% Cap - Contact Broker. Opportunities to acquire prime sites within the walkable district of South Park are rare. Ownership has historically rented to tenants within their network instead of maximizing rents on the open market. Designed by acclaimed local architect Jim Brown, these suites exude the best qualities of urban living and working with high ceilings, exposed bricks, trusses and beams. Walk to 20+ local shops, restaurants and cafes.
Fully renovated Villa Terrace Apartments located in the heart of North Park. 5 remodeled units + 1 new ADU unit, for a total of 6 units. Charming 2bdr+office/1bath home in front and five 1bdr/1bath units at the rear along with 4 single car garages. Unit upgrades include HVAC, LVP flooring, new kitchens with new countertops, cabinetry and S/S appliances, new bathrooms, new windows, new shades and more. Exterior upgrades include new stucco, new turf, new stairs, new railings, new waterproofing and more. On-site shared laundry room includes 2 owned washer-dryer units. Prime turn-key condition. Great location; walking distance to Balboa Park and North Park restaurants and shops.
Florist, Flower Shop Move In Ready with Industrial double deep sink and pull down faucet. Brand New Building built out with indoor outdoor sliding glass storefront system, AC, and lighting. Same block as San Diego Florist Supply. 1-3 Year short term lease OK!
Historic North Park, Pride of Ownership, Quality Residences, Well Located, Curb Appeal, Excellent Unit Mix, 9 Unit Rental Community Located in North Park, One of the Most Vibrant Rental Districts in Metro San Diego. Income Property Consisting of (THREE) 2 Bed 1 Bath Apartments, (SIX) 1 Bed 1 Bath Apartments, PLUS 9 Parking Spaces, Alley Access, Close to Lincoln Ave, Built in 1969, Current Monthly Income is Approximately $16,000, Common Area Laundry, 6,661 Square Feet of Rentable Space, Situated on a 49x135 lot. The 'Sister' 9 Unit Apartment Building is also up For Sale at $3,100,000 MLS #240021042.
Historic North Park, Pride of Ownership, Quality Residences, Well Located, Curb Appeal, Excellent Unit Mix, 9 Unit Rental Community Located in North Park, One of the Most Vibrant Rental Districts in Metro San Diego. Income Property Consisting of (THREE) 2 Bed 1 Bath Apartments, (SIX) 1 Bed 1 Bath Apartments, PLUS 9 Parking Spaces, Alley Access, Close to Lincoln Ave, Built in 1969, Current Monthly Income is Approximately $15,430, Common Area Laundry, 6,107 Square Feet of Rentable Space, Situated on a 49x135 lot. (4152 32nd St, the 9 Units Next Door is also FOR SALE, MLS#240021044.
Historic North Park, Pride of Ownership, Quality Residences, Well Located, Curb Appeal, Excellent Unit Mix, 9 Unit Rental Community Located in North Park, One of the Most Vibrant Rental Districts in Metro San Diego. Income Property Consisting of (THREE) 2 Bed 1 Bath Apartments, (SIX) 1 Bed 1 Bath Apartments, PLUS 9 Parking Spaces, Alley Access, Close to Lincoln Ave, Built in 1969, Current Monthly Income is Approximately $15,430, Common Area Laundry, 6,107 Square Feet of Rentable Space, Situated on a 49x135 lot. (4152 32nd St, the 9 Units Next Door is also FOR SALE, MLS#240021044.
We are pleased to present this six-unit investment property in the vibrant and highly desirable North Park neighborhood of San Diego. The gated 6-unit community comprises five (5) 1 BD/1 BA, and one (1) studio apartment. Additionally, the property has 6 off-street parking spots, separate laundry, and maintenance storage. Known for its strong rental market, North Park offers investors a chance to capitalize on an area that combines consistent demand with proximity to some of the city’s most iconic landmarks. The parcel comes with an age-restricted Conditional Use Permit (CUP) that allows for higher-density development, provided that at least one resident in each unit is 62 years of age or older. This CUP is designed to facilitate the creation of much-needed housing tailored to the needs of older adults. This property offers an investor the opportunity to own a multifamily asset in one of San Diego’s most sought-after neighborhoods, known for its high walkability and vibrant community.
3928 Alabama Street is a solid 12 unit building in North Park near University Heights, Hillcrest and Morley Field with individual APNs for eight of the units. The approximately 6,714 square foot three-story structure was built in 1970 and is situated on a 7,118 square foot lot. The strong unit mix features six 2 Bed / 1.5 Bath units and two 1 Bed / 1 Bath units with dishwashers as well as a two 1 Bedroom and two Studio ADUs. The property features ample parking and remodeled units with additional upside in the rents. Buyer to verify Square Footage. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.
Do not disturb the tenants. Showings are by appointment only. The current tenants will vacate by close of escrow. HOA is $429.38 monthly. There are 2 assigned parking spaces for the unit, right behind the building with a back door entrance from the parking lot to the unit.
The median home value in San Diego, CA is $833,500. This is lower than the county median home value of $846,300. The national median home value is $338,100. The average price of homes sold in San Diego, CA is $833,500. Approximately 44.5% of San Diego homes are owned, compared to 48.82% rented, while 6.68% are vacant. San Diego real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a San Diego real estate agent to arrange a tour today!
San Diego, California 92104 has a population of 1,385,398. San Diego 92104 is less family-centric than the surrounding county with 32.06% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in San Diego, California 92104 is $89,457. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in San Diego 92104 is 35.4 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 45.6 degrees. The average rainfall is approximately 11.7 inches per year, with 0 inches of snow per year.