Price Reduced Listing
3862 Swift Ave,San Diego, CA 92104
San Diego, CA 92104
Description
Turnkey 5-unit multifamily asset in the high-demand North Park metro area, right at the edge of the Corridor/Cherokee Point neighborhoods. 3862-70 Swift Ave includes three 3BD/2BA units, one 2BD/2BA, and one 2BD/1BAall fully rehabbed and updated with modern finishes and systems. Zero deferred maintenance and minimal capex projections in the long run make this a highly sought after passive real estate investment. Currently generating $14,784/month in gross rents with a 5.0% cap rate. Pro forma income is $15,975/month, delivering a projected 5.6% cap rate at market rates. This fully stabilized investment opportunity offers high upside in a rapidly appreciating submarket. Strong unit mix, updated interiors, and proximity to North Park’s retail, dining, and transit make this an ideal asset for investors seeking solid in-place income with future growth potential. Clean financials, renovated product, and a location that consistently drives tenant demand.
Details
| MLS# | 250025254SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 26 |
| Listing Provided By | JLM Real Estate Inc 949-207-8321 | Jason Lee |
Features
| Units | 5 |
|---|---|
| Building(s) | 5 |
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92104 |
| Area | 92104 North Park |
| Listing VS Median (in 92104) | |
Price: $2,100,000 low | high Med: $1,549,395 On site: 26 low | high Med: 47.000000 | |