Active

3746 31st Street

North Park CA, 92104

$2,995,000


Active

8 Beds

Multi-family

Highest Cap Rate (4.84%) and Lowest GRM (13.59), 3rd lowest price per foot ($553) 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

July 19, 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

58


Garage

No


View

No


County

San Diego


Pool

No


Pool Features

None

Listing History

Date

Event

Price

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 1:40 PM UTC, 7/19/2024

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