3862-68 Swift Ave - Apartments FOR SALE


San Diego, CA 92104- Cherokee Point
$1,899,000 USD
858-336-9688
3862-68 Swift Ave, San Diego, CA for Sale
$1,899,000 USD
Apartments - FOR SALE
1/40
null | 6.38% Cap Rate

3862-68 Swift Ave
San Diego, CA 92104
Cherokee Point


HIGHLIGHTS

  • Fully Stabilized Asset with No Vacancies at Market Rents
  • Located in the heart of North Park’s Dining and Retail Scenes
  • Rapidly Appreciating Submarket of Metro San Diego
  • Modern Finishes and Systems
  • Zero Deferred Maintenance - Minimal Capex Projections

OVERVIEW

Turnkey 5-unit multifamily asset in the high-demand North Park metro area, right at the edge of the Corridor/Cherokee Point neighborhoods. 3862-70 Swift Ave includes three 3BD/2BA units, one 2BD/2BA, and one 2BD/1BA—all fully rehabbed and updated with modern finishes and systems. Zero deferred maintenance and minimal capex projections in the long run make this a highly sought after passive real estate investment. Currently generating $14,784/month in gross rents with a 6.4% current cap rate. Pro forma income is $15,975/month, delivering a projected 7.1% cap rate at market rates with consistent rental increases. This fully stabilized investment opportunity offers high upside in a rapidly appreciating submarket. Strong unit mix, updated interiors, and proximity to North Park’s retail, dining, and transit make this an ideal asset for investors seeking solid in-place income with future growth potential. Clean financials, renovated product, and a location that consistently drives tenant demand.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$475 USD /SF

# OF UNITS

5

PRICE/UNIT

$379,800

CAP RATE

6.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,850 SF

ZONING

R-3

APN/PARCEL ID

447-451-18,447-451-20

ASK ABOUT THIS PROPERTY

Jason LeeNara AdvisorsMore Info
858-336-9688

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Jason LeeNara AdvisorsMore Info
858-336-9688

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