San Diego CA Real Estate & Commercial for Sale

We are proud to present for sale, an opportunity to own an investment property in the desirable 92104 with great upside potential. 3939 33rd St is comprised of 7 units, a 2 car garage and ample off street parking. Seller is willing to carry financing with as little as 25% down.

We are pleased to present 3344-3348.5 32nd Street, a 1950 built 5-unit apartment complex in the highly desirable neighborhood of North Park. The building sits on a 6,248 square foot lot and has approximately 3,724 rentable square feet. The property is comprised of two buildings. The front house is a 2 bedroom / 1 bath unit with an optional third bedroom. The fourplex in the back consists of all 2 bedroom / 1 bath units. Attractive tenant offerings include: on-site laundry and (5) off-street tandem parking spaces, stellar walkability with the likes of Thorn Street Brewing, Grand Ole BBQ, and Santos Coffee with one block. There is considerate upward potential in income. Rents are below market and utilities are currently being paid by the owner. Raise rents and implement RUBs for immediate additional cash flow. A little love on the exterior will go a long way with this property. We are pleased to present 3344-3348.5 32nd Street, a 1950 built 5-unit apartment complex in the highly desirable neighborhood of North Park. The building sits on a 6,248 square foot lot and has approximately 3,724 rentable square feet. The property is comprised of two buildings. The front house is a 2 bedroom / 1 bath unit with an optional third bedroom. The fourplex in the back consists of all 2 bedroom / 1 bath units. Attractive tenant offerings include: on-site laundry and (5) off-street tandem parking spaces, stellar walkability with the likes of Thorn Street Brewing, Grand Ole BBQ, and Santos Coffee with one block. There is considerate upward potential in income. Rents are below market and utilities are currently being paid by the owner. Raise rents and implement RUBs for immediate additional cash flow. A little love on the exterior will go a long way with this property.

We are pleased to present The Hamilton Bungalows at 3917-3931 Hamilton Street in prime North Park, San Diego, California. With a successful history as vacation rentals and currently operating as long-term rentals, Hamilton Street is composed of all bungalow units with no shared walls. The property boasts one of the most coveted areas of southern California and a mix of vintage interiors to fully renovated units. This is a boutique style apartment community units features concrete and granite countertops, stainless steel appliances, dual pane windows, refinished dark hardwood flooring and A/C. serious attention to detail and meticulous care from ownership. The property is comprised of a single 2-bedroom /1-bath casita (approximately 850SF), eight 1-bedroom / 1-bath casitas (approximately 500SF), and a single non-conforming studio unit and laundry room that was converted from two single car garages. One of the vacation rentals is still in operation and proves an easy model to increase income almost 20% if desired without any further upgrades to the property. Currently 11 total structures rest on the properties extra large, 2-parcel, 13,975 square-foot lot. Multifamily developments nearby on similar footprints are building 6 stories of apartments. Zoning is RM3-9 yielding 1 dwelling unit per 600 square foot of lot area under base zoning. The property lies within the complete communities tier 3 overlay as well, which allows for extreme density possibilities with a maximum FAR of 6.5. An astute investor may also see the value in renovating units to highest end finishes, raising rents and building two additional homes in the front right (where an existing casita was just demolished and has grandfathered privileges), and replacing the northern garages with a 3-story home. One might also look into retro-actively converting the non-conforming studio into a legal unit through San Diegos ADU program which is actively seeking to expand housing with few ADU conversions being denied at the city level. North Park boasts a prime location, proximate to downtown San Diego, Hillcrest and Balboa Park, offering residents easy access to a vibrant urban lifestyle and abundant recreational activities. Additionally, North Parks strong rental market, fueled by its proximity to major employers, universities, and healthcare facilities, ensures consistent demand for housing, making it a reliable investment option. Moreover, the neighborhoods diverse community and thriving cultural scene contribute to its appeal, attracting a wide range of tenants seeking a dynamic urban experience. Finally, with ongoing revitalization efforts and planned infrastructure improvements, North Park promises long-term appreciation potential, making it an attractive choice for savvy real estate investors seeking both stability and growth opportunities.

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.

$200K PRICE IMPROVEMENT!!! 9 Unit Apartment Building in North Park For Sale! 4.5% CAP RATE. 14.9 GRM. Property is gated with intercom access, 4 Garages in the alley and 4 tandem off-street parking spaces in front. The property is conveniently located across the street from the North Park Recreation Center and Community Park and in walking distance to multiple eateries. Unit interiors have been substantially renovated, and the concrete parking area in front was recently replaced. Large multifamily housing project on the North side of the property is currently under construction and may lead to a significant positive effect on the 4052 Oregon Street's market rents once project is completed and fully leased. ---Bring all offers / Owner may consider a seller carry back---

NORTH PARK is HIP and happening, fun, buzzing, trendy, active, delicious, entertaining, and the place to be! Move right in to this affordable, clean and sharp unit, starting your new business that you have been dreaming of! Enjoy roof top deck and laundry provided by the The Palisade Gardens Condominiums. Gated parking space in back of building. Plenty of street parking on University and side streets. Buy it or rent to own.... THIS IS IT!

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.

We are pleased to present "The Oliver", located at 4020-24 Iowa St. The unit mix features two (2) one-bedroom / one-bathroom units, two (2) two-bedroom / two-bathroom cottage style units, and one (1) three-bedroom / two-bathroom cottage style unit. The property boasts five (5) covered carports in the ally, two (2) subsurface parking spaces out front, and gated pedestrian access in the front and rear of the property. The Oliver underwent extensive interior and exterior renovation program in 2017 and has operated as a true pride of ownership asset since then. With ample parking, in unit laundry facilities, and a low density layout, "The Oliver" is poised for ease of management ownership. The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 96 which walkscore.com calls a walkers paradise. It is approximately one-and-one-half mile from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diegos largest employment centers including Downtown, Mission Valley, and Kearny Mesa. Please contact listing agent: Graeme Henderson Graeme.Henderson@marcusmillichap.com (503)929-9432