Under contract
Active Under Contract
3746 31st Street
San Diego CA, 92104
$2,995,000
$553.40 per sqft
Under contract
Active Under Contract
5,412 sqft
Residential
Built in 1968
Listed by Eric von Bluecher with Lee & Associates [email protected]
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.
NDP2404996
MLSⓇ ID
June 7, 2024
Listed
October 17, 2024
Updated
Map
3746 31st Street
San Diego CA, 92104
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
2-5 Units/Acre, Level, Near Park, Near Public Transit
Sewer
Public Sewer
Other Property Details
Area Name
92104 - North Park
Days on Market
118
Garage
No
Parking Total
7
View
No
County
San Diego
Pool
No
Pool Features
None
Zoning
R3
Listing History
Date | Event | Price |
|---|---|---|
10/3/2024 | Under contract | — |
8/22/2024 | Active | — |
7/31/2024 | Under contract | — |
7/12/2024 | Price change | $2,995,000 -2% |
Listing Contact: 760-929-9700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 10/17/2024 at 11:40 AM UTC