Luxury Live Auction! Bidding to start from $1,500,000! An Exceptional Opportunity to own a pride-of-ownership (6)-unit multifamily building in the heart of one of San Diego's most sought-after neighborhoods"”North Park. Just three blocks from Morley Field and Balboa Park, this turnkey investment offers an unbeatable location surrounded by tree-lined streets, local eateries, and endless urban charm.
Set on a generous lot with 4,710 square feet of living space, the property features a highly desirable unit mix: (2) 1-bed/1-bath units, (3) 2-bed/1-bath units, and (1) expansive 3-bed/2-bath unit. All units are fully occupied with tenants currently on month-to-month leases, allowing for immediate rental upside given the high demand and rising market rents in the area. Rents can be further raised up to 8.5%.
Each unit is individually metered for gas and electricity, while the main building benefits from solar panels, eliminating the electricity bill for common areas"”a cost-saving feature that boosts your bottom line. NOI: $172,854 w/ strong CAP rate potential, paid-off solar, and low Operating Expenses. Recent upgrades include stylish kitchen improvements and refreshed landscaping, keeping maintenance minimal while enhancing tenant appeal.
A standout in the neighborhood, the property also includes (4) private garages, (6) additional uncovered parking spaces, and rare off-street parking"”a huge value-add for tenants in this high-demand pocket of North Park.
Beyond the property lines, residents enjoy walkable access to Morley Field's tennis courts, dog park, pool, and athletic facilities, along with countless cafes, boutiques, breweries, and beloved local restaurants like The Smoking Goat, Tribute Pizza, and Urban Solace. With its close proximity to downtown, beaches, and major freeways, North Park continues to be one of San Diego's most dynamic and thriving rental markets.
This is more than just a property"”it's a powerful investment in location, lifestyle, and long-term value. Home inspection available.
Submit your offer soon"”opportunities like this in North Park are rare and move quickly!
|
DAYS ON MARKET
|
47
|
LAST UPDATED
|
6/30/2025
|
|
TRACT
|
North Park
|
YEAR BUILT
|
1986
|
|
COMMUNITY
|
92104 - North Park
|
GARAGE SPACES
|
4.0
|
|
COUNTY
|
San Diego
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Electric, Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Freezer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer, Water Heater |
| AREA |
92104 - North Park |
| CONSTRUCTION |
Concrete, Stucco |
| EXTERIOR |
Balcony, Barbecue |
| GARAGE |
Yes |
| HEAT |
Central, Forced Air, Wall Furnace |
| INTERIOR |
Granite Counters, Open Floorplan, Recessed Lighting |
| LOT |
7022 sq ft |
| LOT DESCRIPTION |
Back Yard, Paved |
| PARKING |
Driveway, Garage, Private, Shared Driveway, On Street |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
North Park |
| UTILITIES |
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights, Hills, Meadow, Mountain(s), Neighborhood, Panoramic, Trees/Woods |
| WATER |
Public |
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Listed with Harcourts Prime Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/5/25 6:27 AM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2025.
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