3970-3974 Florida St - Apartments FOR SALE


San Diego, CA 92104- North Park
$1,875,000 USD
858-945-7094
3970-3974 Florida St, San Diego, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/12
null | 4.65% Cap Rate

3970-3974 Florida St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Comprised of five units: a mix of one-bedroom/one-bath and two-bedroom/one-bath apartments providing diversified rental income and flexible leasing
  • Approximately 2,584 square feet of residential space on a mid-sized 7,490-square-foot lot
  • Located in North Park with superior walkability and strong neighborhood amenities. Transit, dining, retail and employment hubs
  • Zoned RM-3-9 with a CCHS overlay, enabling potential redevelopment or densification subject to entitlements

OVERVIEW

3970–74 Florida Street is a thoughtfully redesigned five-unit multifamily community located in the heart of North Park, one of San Diego’s most walkable, amenity-rich, and supply-constrained urban neighborhoods. Set on a 7,490 SF parcel and zoned RM-3-9 with a Complete Communities Housing Solutions (CCHS) overlay, the property offers both stable income characteristics and meaningful long-term development potential. The unit mix consists of three one-bedroom, one-bath units and two two-bedroom, one-bath units, each improved with modern finishes including vinyl plank flooring, upgraded cabinetry, gas ranges, recessed lighting, dual-pane windows, and air conditioning systems. The interior improvements provide a clean, contemporary living environment aligned with current renter preferences.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$726 USD /SF

# OF UNITS

5

PRICE/UNIT

$375,000

CAP RATE

4.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3

APN/PARCEL ID

445-671-30

ASK ABOUT THIS PROPERTY

Aaron BoveColliersMore Info
858-945-7094

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Aaron BoveColliersMore Info
858-945-7094

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