Under contract
CONTINGENT
3746 31st Street
North Park CA, 92104
$2,995,000
Under contract
CONTINGENT
8 Beds
Multi-family
Highest Cap Rate (5.07%) and Lowest GRM (12.9) available right now in North Park, San Diego. Well maintained building with interiors featuring vinyl flooring, tile counters and updated stainless appliances in most units. 5 out of 7 units are 2 bedroom, 2 baths with master ensuite baths along with 2, one bed, one bath units. Laundry room on-site for additional income. The building is located one block away from University Ave and 3 streets away to the 30th Street corridor. In just a quick 5 minute walk to north or west, tenants have immediate access to some of the most popular nightlife, restaurants, coffee, shopping, art galleries, theater, farmers markets, brunch spots, boutiques, and breweries in all of San Diego. The property is centrally located near the 15, 805, 163, and 8 Freeways and minutes away from Balboa Park which hosts events, museums, concerts and more. Investors can buy this building and achieve a well above market cap rate on day one in addition to have plenty of opportunity to add value with further renovations and improvements such as ensuite washer/dryer additions, new windows, and more. Contact list agents for a tour and full marketing brochure.
NDP2404996
MLSⓇ ID
June 7, 2024
Listed
October 5, 2024
Updated
Map
3746 31st Street
North Park CA, 92104
Interior Features
Total Stories
2
Bedrooms
8
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Sidewalks
Other Property Details
Days on Market
135
Garage
No
View
No
County
San Diego
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
|---|---|---|
10/4/2024 | Under contract | — |
9/18/2024 | Active | — |
8/1/2024 | Under contract | — |
7/13/2024 | Price change | $2,995,000 -2% |
Listed by Lee & Associates, Eric von Bluecher,
Listing Contact: 760-929-9700
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Data last updated 12:35 AM UTC, 10/5/2024
