The Best Investment In San Diego

A beautifully designed 4-unit multifamily property with modern upgrades is avilble in the heart of vibrant North Park, San Diego.

 

Front Building (2 Units)

  • Two Fully renovated 1BD / 1BA units
  • with updated kitchens and bathrooms

 

Rear Building – New Construction (2 Units)

  • Lower Level:  1BD / 1BA ADU with contemporary finishes
  • Upper Level: Two-story 2BD / 1BA unit with loft 

Prefer to email?  No problem, send me a email at dwilliams@compass.com 

Property Image 1
Property Image 2
Property Image 3
Property Image 4
Property Image 5
Property Image 6
Property Image 7
Property Image 8
1 / 8

Priced at $1,999,000 all offers will be considered. Address will be provided upon inqury. 

Comparative Market Analysis

Market comparisons within the neighborhood demonstrate that this property delivers a strong return on investment, supported by consistent rental demand and solid appreciation trends.

 

One property  within the CMA is priced at $2.7 million that is a direct comp to the property. 

CMA provided upon request 

Rental Rate ROI

This property has a 5.36% cap rate. In prime coastal or urban areas with high property values and strong rental demand, cap rates typically range between 3.5% and 5%.

 

A 5.36% cap rate exceeds the higher end of that spectrum, meaning the property generates above-average income relative to its market value.

 

Collective rent for all units rented out totals to over $11,000 per month!! 

 

North Park is one of San Diego’s most sought-after neighborhoods, known for its strong rental demand, walkability, and vibrant local scene. Living here offers the best of both worlds—an exciting lifestyle paired with long-term value in a proven market.

Dining, Coffee & Nightlife

  • 30th Street Restaurant & Bar Corridor

  • Craft breweries (Modern Times, North Park Beer Co.)

  • Trendy coffee shops and local cafés

  • Live music venues and cocktail lounges

Nearby Neighborhoods

  • South Park

  • Normal Heights

  • University Heights

  • Hillcrest

 

Dont Miss Out On This Income Generating Property!

Have questions? Don’t be a stranger—feel free to give me a call or send me an email. I’m Darrell B. Williams, a highly regarded Compass Realtor and member of a Diamond Award–winning team with nearly $1 billion in real estate sold.

 Cell: (206) 501-8682
Email: dwilliams@compass.com 

Call Now Button