4035 Mississippi Street is a well-maintained 9-unit apartment complex in the heart of North Park, one of San Diego’s most vibrant and desirable neighborhoods. The property features a diverse unit mix of three (2 bed / 1 bath) units and six (1 bed / 1 bath) units, appealing to a… Read More broad tenant base that remains in consistently high demand. This asset offers a compelling value-add opportunity—investors can unlock significant upside by completing targeted interior upgrades to bring rents up to market levels. The property has benefited from steady preventative maintenance, allowing for renovations without the burden of major deferred maintenance. Situated on a 6,998 SF lot, the building was constructed in 1965 and comprises 5,383 SF of rentable space. Residents enjoy 9 on-site parking spaces with both front and alley access, as well as a shared coin-operated laundry room that generates additional income and enhances operational efficiency. Centrally located near the I-15, I-8, and I-805 freeways, the property provides tenants with excellent connectivity to employment centers across San Diego. It is also ideally positioned near Balboa Park, the Lafayette Hotel, Downtown San Diego, and the San Diego International Airport—further supporting strong tenant demand and future rent growth. Read Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
Mixed Use
MLS Number
250032649SD
30 Days Snapshot Of 92104
$830k
-26%
(avg) sold price
25
+78%
homes sold
93
+72%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building
Expenses
Operating expense: $82,274
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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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