46
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$1,275,000
Est. payment /mo
5,606 Sqft Lot
Active
3933 Utah San Diego, CA 92104
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 260008133SD
HOA Y/N No
Year Built 1922
Lot Size 5,606 Sqft
Property Description
Fully occupied duplex in the heart of North Park delivering $6,180/month ($74,160/yr) in gross rental income. Unit 1: 1BR/1BA | 574 SF | $2,660/mo. Unit 2: 2BR/1BA | 945 SF | $3,520/mo. Both units were thoughtfully renovated in 2023 with updated appliances and fresh finishes throughout, move-in ready for an owner/user or a turnkey hold for the investor who wants stable income from day one. For the value-add buyer, the 2023 renovation provides a clean, well-maintained canvas with clear runway to elevate finishes to a premium tier and push rents meaningfully higher in a submarket that consistently rewards quality. North Park boasts a WalkScore of 97, 60+ restaurants and bars, 20+ craft breweries, and sits within 15 minutes of 450,000+ jobs. Tenant demand here is structural and durable. Beyond the income, this parcel is one half of a permit-approved assemblage for an 8-story, 70-unit multifamily development by Ehrlich Yanai Rhee Chaney Architects with entitlement risk already eliminated. Combined with adjacent Parcel B, the 0.26-acre site is shovel-ready. Both parcels must be acquired together to complete the development. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing.
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name North Park
Zoning COMMERCIAL
Interior
Heating Natural Gas
Cooling See Remarks
Fireplace No
Appliance Gas Water Heater
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4464111200
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Ken Schwartz Century 21 Affiliated #01854235
NEARBY SCHOOL & BUSINESS
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