Proud to present to investors, the opportunity to purchase 31st Apartments (“the property); a 6-unit offering in the desirable north park community of San Diego. This expansive 4,556-square-foot lot is home to one, two-story building constructed in 1960. The Property features a thoughtfully designed 6-unit multifamily property, which is comprised… Read More of six well-appointed one-bedroom, one-bathroom units. With its prime location (Walk Score of 93) and smart layout, this property presents an exceptional value-add opportunity for investors or those seeking a vibrant community-oriented living environment with significantly below market rents. Kitchens are equipped with classic wood or two-tone cabinetry, gas stoves, and ample counter space. Large windows provide natural light, enhancing the neutral color palette and modern luxury vinyl plank flooring throughout (select units). This property embodies the essence of Southern California living, seamlessly blending charm with the dynamic energy of North Park. Residents enjoy effortless access to boutique shopping, diverse dining, and vibrant nightlife along University Avenue. Just moments from Morley Field and Balboa Park, outdoor recreation is always within reach. With convenient freeway access, this sought-after location offers both urban excitement and everyday convenience. Read Less
Listing Snapshot
Days Online
85
Last Updated
Property Type
Mixed Use
MLS Number
250022652SD
30 Days Snapshot Of 92104
$1.13M
+26%
(avg) sold price
10
-54%
homes sold
49
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Expenses
Operating expense: $44,016
Income
Net operating income: $48,406
Parking
6 totals parking
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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