3420-3430 Wilshire Ter - Apartments FOR SALE


San Diego, CA 92104- North Park
$2,825,000 USD
760-930-7940
3420-3430 Wilshire Ter, San Diego, CA for Sale
$2,825,000 USD
Apartments - FOR SALE
1/43
null | 4% Cap Rate

3420-3430 Wilshire Ter
San Diego, CA 92104
North Park


HIGHLIGHTS

  • A+ Hillcrest/North Park Location with views
  • 4 existing large 2BR units with large decks + 7 permit ready units
  • Expansive 9,400+ SF lot
  • 1 block to Balboa Park
  • Entrances on Georgia Street (92103) & Wilshire Terrace (92104)
  • Owner has spent approx. $300k on architects, engineers & the city for adding additional units

OVERVIEW

A+ Hillcrest / North Park Investment Opportunity! 4 Existing 2BR units with garages. 7 PERMIT READY UNITS. Owner has spent approx. $300k with architects, engineers & the city to deliver permit ready development. Located on a spacious 9,400+ SF lot with dual access from Georgia Street (92103) and Wilshire Terrace (92104). The existing 4 units are oversized 2-bedroom units—each featuring large private patios, in-unit washer/dryers, and value-add potential. The site is located in highly desirable North Park / Hillcrest with sweeping views, just one block from Balboa Park. Near trendy restaurants, bars, and brand-new high-end condos, this is a rare chance to invest in one of San Diego’s most vibrant and walkable neighborhoods, with strong rental demand and long-term upside.

FOR SALE DETAILS

PRICE

$2,825,000 USD

PRICE/SF

$663 USD /SF

# OF UNITS

4

PRICE/UNIT

$706,250

CAP RATE

4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A+ Location | 4 Units + 7 Permit Ready Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,483 SF

ZONING

R3

APN/PARCEL ID

453-342-16

ASK ABOUT THIS PROPERTY

Peter ScepanovicColliersMore Info
760-930-7940

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Peter ScepanovicColliersMore Info
760-930-7940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.