42
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$1,350,000
Est. payment /mo
5,601 Sqft Lot
Active
3937 Utah San Diego, CA 92104
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260008132SD
HOA Y/N No
Year Built 1939
Lot Size 5,601 Sqft
Property Description
Fully leased duplex generating $6,705/month ($80,460/yr) in gross rental income in prime North Park. Unit 1: 2BR/1BA | 800 SF | $3,385/mo. Unit 2: 2BR/1BA | 942 SF | $3,320/mo. Both units were renovated in 2023 with updated appliances and refreshed finishes, delivering a well-maintained, move-in ready product that appeals to quality-conscious tenants and owner/users alike. For the investor with a value-add eye, the 2023 renovation sets a solid baseline with real upside remaining, as a high-end finish upgrade has a clear path to premium rents in a neighborhood where renters consistently pay for quality. North Park is San Diego's most dynamic urban rental submarket, walkable, amenity-rich, and structurally undersupplied, with a WalkScore of 97 and a renter base anchored by young professionals and creatives who drive durable occupancy. This parcel is the essential second piece of a permit-approved 8-story, 70-unit development at 3933-3941 Utah Street. Plans by Ehrlich Yanai Rhee Chaney Architects are complete and entitlements are in place. Both parcels must be acquired together to complete the project. 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 Forced Air, Natural Gas
Cooling Central Air
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 4464111100
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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