3736 Mississippi St - Apartments FOR SALE


San Diego, CA 92104- North Park
$2,995,000 USD
619-889-3614
3736 Mississippi St, San Diego, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/18
null | 4.19% Cap Rate

3736 Mississippi St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Well-maintained six-unit multifamily asset in the heart of North Park.
  • Irreplaceable walkable location near top-rated dining, shopping, and cultural amenities.
  • Quick access to major freeways, employment centers, and downtown San Diego.
  • On-site parking for six vehicles—rare in this dense urban location.

OVERVIEW

3736 Mississippi Street presents a rare opportunity to acquire a well-maintained, six-unit multifamily asset in the vibrant North Park neighborhood of San Diego. Built in 1986, this property has been meticulously cared for by an owner-operator who prioritized quality materials and long-lasting improvements. The building offers a desirable unit mix with strong in-place rents, zero deferred maintenance, and a RUBS program already implemented, which ensures strong operational performance from day one. An exceptional feature includes four on-site single-car garages with ADU conversion potential, creating an avenue for additional income and unit expansion while still maintaining six parking spaces—an appealing advantage in a neighborhood known for limited off-street parking. North Park continues to rank among San Diego’s most desirable rental markets, attracting tenants seeking a walkable lifestyle with proximity to eclectic retail, dining, and entertainment options. Situated near major arterials, including University Avenue and 30th Street, and within easy reach of Interstates 805 and 8, the property provides excellent access to employment hubs across the region. For investors seeking stable cash flow, long-term appreciation, and value-add opportunities in one of San Diego’s strongest submarkets, 3736 Mississippi Street stands out as an exceptional acquisition.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$636 USD /SF

# OF UNITS

6

PRICE/UNIT

$499,167

CAP RATE

4.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-2, San Diego

APN/PARCEL ID

453-021-30

ASK ABOUT THIS PROPERTY

Anthony MendesMendes CompanyMore Info
619-889-3614

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Anthony MendesMendes CompanyMore Info
619-889-3614

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