$2,995,000
3746 31st ST San Diego, CA 92104
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,995,000
Est. payment /mo
6,267 Sqft Lot
UPDATED:
10/03/2024 10:38 PM
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRNDP2404996
Originating Board California Regional MLS
Year Built 1968
Lot Size 6,267 Sqft
Property Description
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.
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Laundry Community Facility
Exterior
Garage Spaces 7.0
Pool None
Building
Lot Description Grade - Level
Others
Tax ID 4531530800
Special Listing Condition Not Applicable , Accepting Backups
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Listed by Eric von Bluecher • Lee & Associates
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