3736 Mississippi Street, San Diego, CA 92104 - MLS#OC25137622

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,500,000

Est. payment - /mo

7 Beds

5 Baths

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Park

MLS Listing ID OC25137622

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

Property Description

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 Diegos most sought-after neighborhoodsNorth 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 areasa 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 parkinga huge value-add for tenants in this high-demand pocket of North Park. Beyond the property lines, residents enjoy walkable access to Morley Fields tennis courts, dog park, pool, and athletic facilities,

Location

State CA

County San Diego

Zoning Public Rec

Direction Exit the 805 freeway onto University Ave heading West. Make a Left turn onto Mississippi St. The property will be on your right

Interior

Heating Forced Air Unit

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Roof Type Tile/Clay

Building

Story 2

Level or Stories 2

Others

Tax ID 4530213000

Virtual Tour https://www.wellcomemat.com/video/54fbbf8d6ce71m795/SD/CA/92104/Mississippi/OC25137622/

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Listed by Danny Gascon Harcourts Prime Properties

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

3736 Mississippi Street San Diego, CA 92104

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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