3828 Arizona St - Apartments FOR SALE


San Diego, CA 92104- North Park
$3,825,000 USD
859-433-8741
3828 Arizona St, San Diego, CA for Sale
$3,825,000 USD
Apartments - FOR SALE
1/21
null | 4.77% Cap Rate

3828 Arizona St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Desirable Unit Mix – 44% three-bedroom units, driving strong rental demand and premium pricing
  • Renovated + New Construction – 5 fully renovated units and 4 newly constructed residences
  • Major System Upgrades – Significant capital improvements completed, reducing near-term capex
  • Includes three off-street parking spaces for added convenience
  • Walker’s Paradise (Walk Score: 94) – Located in the heart of North Park with immediate access to amenities
  • Premium In-Unit Amenities – Full-size laundry and air conditioning in each unit

OVERVIEW

Whitewater Commercial Real Estate is pleased to present The Arizona Nine | North Park, a rare opportunity to acquire a 9-unit multifamily asset in the heart of one of San Diego’s most vibrant and walkable urban neighborhoods. The property offers a compelling combination of five fully renovated units and four newly constructed residences, delivering the ideal blend of in-place income stability and new construction quality. The unit mix is highly attractive, with 44% of units comprised of spacious three-bedroom layouts, catering to strong demand from tenants seeking larger, high-quality housing options in an urban infill location. Extensive upgrades to both interiors and major building systems position The Arizona Nine as a low-maintenance, turnkey investment, while its premier location—boasting a Walk Score of 94—places residents' steps from North Park’s top dining, retail, and entertainment amenities, and just minutes from Balboa Park.

FOR SALE DETAILS

PRICE

$3,825,000 USD

PRICE/SF

$1,172 USD /SF

# OF UNITS

9

PRICE/UNIT

$425,000

CAP RATE

4.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,838 SF

ZONING

C-6

APN/PARCEL ID

453-042-03

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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