3746 31st Street, San Diego, CA 92104 - MLS#NDP2404996

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$2,995,000

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8 BD

8 BA

6,267 Sqft Lot

Contingent

3746 31st Street San Diego, CA 92104

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Richard Combs

[email protected] +1(619) 838-9307

UPDATED:

10/04/2024 11:47 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID NDP2404996

Bedrooms 8

HOA Y/N No

Lot Size 6,267 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.
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 North Park (92104)

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $2,293

Listing Terms Cash, Conventional, Exchange

Listed by Eric von Bluecher • Lee & Associates

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

Richard Combs

3746 31st Street San Diego, CA 92104

Richard Combs

Key Details

Location

Building

Others

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3746 31st Street