Seller Offering Guaranteed 5.0% CAP Rate for First 3 Years - The Landis Sellers are offering a creative structure to guarantee a 5.0% CAP rate for the first three years of new ownership—either through direct rental income contributions or via a NNN/Master Lease setup that secures the NOI for the buyer. We are pleased to present 3167 Landis Street, a fully renovated 16-unit multifamily community in the heart of North Park — one of San Diego’s most desirable rental markets. This gated property has been extensively upgraded down to the studs, featuring modern, high-end finishes, in-unit laundry, and ductless air conditioning in every apartment. Residents benefit from assigned parking, abundant off street spaces, and a spacious central common area that encourages outdoor living and community interaction. With strong local schools like Francis Parker, OLP, McKinley Elementary, and St. Augustine nearby, the property appeals to a wide range of tenants. Offering excellent curb appeal, a highly walkable location, and strong income potential, 3167 Landis Street presents a rare opportunity to acquire a turnkey asset in one of San Diego’s most established and vibrant urban neighborhoods.