3746 31St Street

San Diego, CA 92104

PRICE REDUCED

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-$55,000 (-1.80%)

$2,995,000

List Price

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1968

calendar_month Built

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.

Listing Information

List Price $2,995,000
Status Active
MLS NDP2404996
HOA $0
Type Residential Income
Year Built 1968
Lot Size 6,267
Structure Size N/A
DOM 103
Courtesy Of Lee & Associates
Listing Agent Eric von Bluecher DRE#01926201

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Eric von Bluecher, Lee & Associates . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 18th, 2024 at 10:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.