3939 33rd St - Apartments FOR SALE


San Diego, CA 92104- Corridor
$2,400,000 USD
619-739-0924
3939 33rd St, San Diego, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/15
null | 6.85% Cap Rate

3939 33rd St
San Diego, CA 92104
Corridor


HIGHLIGHTS

  • Accessibility to University Ave and North Park dining and entertainment
  • Hot Rental Market
  • (1) Two Car Garage and 9 Parking Spaces
  • Attractive Unit Mix
  • Gated Entry and On-Site Laundry
  • Complete Communities Designation

OVERVIEW

Situated in the hour glass of North Park, this well-maintained 7-unit apartment property offers a rare investment opportunity with immediate upside. With two vacant units and all tenants on month-to-month leases, new ownership can capitalize on strong existing financials while increasing rents to market rate. The 7,000 SF lot and favorable zoning present potential for ADU development (buyer to verify). Opportunity to leverage the parcels inclusion of the Complete Communities plan also provides the ability for future development maximizing the included 6.5 applicable FAR bonus. The property features 11 bedrooms, 8 bathrooms, off-street parking, and is located just minutes from some of San Diego’s best dining, shopping, and nightlife. A turn-key asset with day-one value-add potential in one of San Diego’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

7

PRICE/UNIT

$342,857

CAP RATE

6.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

447-384-08

ASK ABOUT THIS PROPERTY

Said AbdallahCompass Real EstateMore Info
619-739-0924

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

Said AbdallahCompass Real EstateMore Info
619-739-0924

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