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$3,600,000
4 Beds 3 Baths PTP2606618 MLS ACTIVE Status
The highest return turnkey Northpark multifamily deal on the market AND it has excessive parking AND highly desirable 1987 construction! 4341 Texas Street, San Diego offers a fully renovated, 1987 construction, 9-unit multifamily asset with an excessive 14 off-street parking spaces, immediate cash flow and remaining rental upside. 100% of units have been renovated. The property is ideally situated in the center of Northpark, one of San Diegos strongest and fondest rental markets. The property consists of an ideal and diverse unit mix of (6) 1 Bed / 1 Bath and (3) 3 Bed / 2 Bath units. All 3-Bedroom units possess in-unit laundry and AC. Onsite laundry is provided for the 1-bedroom units. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Submarket. 4341 Texas will outperform competing rentals by providing over a 1:1 off-street parking ratio plus an additional 4 garage spaces yielding 14 total parking spaces for 9 units, which is just shy of 1 parking space per bedroom, an extremely rare commodity in the dense Northpark submarket. The property features full ABS plumbing, individual unit water heaters for reduced SDGE usage,Challenger brand electrical panels with Romex wiring (400 amp/220V main service), and a pitched shingle roof. Ownership will benefit from the highly desirable infrastructure systems of a 1987 construction asset while maintaining the operational simplicity of a low-density asset, 2 story walk up building. The asset currently generates $272,612,412 annual GSI and $181,414 NOI, yielding a 5.04% in-place cap rate. Ther The highest return turnkey Northpark multifamily deal on the market AND it has excessive parking AND highly desirable 1987 construction! 4341 Texas Street, San Diego offers a fully renovated, 1987 construction, 9-unit multifamily asset with an excessive 14 off-street parking spaces, immediate cash flow and remaining rental upside. 100% of units have been renovated. The property is ideally situated in the center of Northpark, one of San Diegos strongest and fondest rental markets. The property consists of an ideal and diverse unit mix of (6) 1 Bed / 1 Bath and (3) 3 Bed / 2 Bath units. All 3-Bedroom units possess in-unit laundry and AC. Onsite laundry is provided for the 1-bedroom units. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Submarket. 4341 Texas will outperform competing rentals by providing over a 1:1 off-street parking ratio plus an additional 4 garage spaces yielding 14 total parking spaces for 9 units, which is just shy of 1 parking space per bedroom, an extremely rare commodity in the dense Northpark submarket. The property features full ABS plumbing, individual unit water heaters for reduced SDGE usage,Challenger brand electrical panels with Romex wiring (400 amp/220V main service), and a pitched shingle roof. Ownership will benefit from the highly desirable infrastructure systems of a 1987 construction asset while maintaining the operational simplicity of a low-density asset, 2 story walk up building. The asset currently generates $272,612,412 annual GSI and $181,414 NOI, yielding a 5.04% in-place cap rate. There is approximately 11% income upside remaining with select units, the implementation of a utility billback program, and separated billing one of the double car garages. The asset is forecasted to produce $301,380 GSI and a 5.78% market cap rate at full market operations, with no additional capital investment required to achieve that additional income

4341 Texas St, North Park

$3,750,000
260020769 MLS ACTIVE Status
A Rare Opportunity to Own One of South Park's Most Distinctive Mixed-Use Assets. Prominently positioned along the 30th Street corridor, 2202 30th Street offers a compelling combination of diversified income, architectural character, and an irreplaceable South Park location. The mixed-use property brings together three loft-style residences, two street-level commercial suites, and an additional Verizon lease with annual rent increases—all within one landmark corner property. Designed by acclaimed San Diego architect Jim Brown and distinguished by its iconic Shepard Fairey mural, the building is unlike anything else in the neighborhood. Its loft residences feature soaring ceilings, exposed brick, timber beams, polished concrete, and oversized industrial windows, creating dramatic spaces with authentic urban character. At street level, highly visible commercial spaces benefit from prominent frontage in the heart of South Park, surrounded by acclaimed restaurants, cafés, boutiques, and neighborhood destinations. Minutes from Balboa Park and Downtown San Diego, 2202 30th Street presents an increasingly rare opportunity: multiple income streams, distinctive architecture, cultural significance, and a prominent position within one of San Diego's most sought-after urban neighborhoods. For the investor seeking an asset that cannot simply be replicated, this is South Park real estate at its most distinctive. Located in the heart of South Park, one of San Diego’s most walkable and Located in one of San Diego's most sought-after urban neighborhoods, South Park continues to attract residents, retailers, and visitors with its walkable lifestyle, thriving restaurant scene, independent boutiques, and proximity to Balboa Park, Downtown San Diego, North Park, and major employment centers.

2202 30th St, North Park

$3,500,000
9 Beds 6 Baths 260017337 MLS ACTIVE Status
We are pleased to present 4168 32nd Street, an upgraded multifamily investment opportunity ideally located in San Diego's highly sought-after North Park neighborhood. The property benefits from a premier urban location with convenient access to major employment centers, vibrant retail and dining destinations, and regional transportation corridors, supporting strong and consistent rental demand. The property features an efficient unit mix consisting of three (3) one-bedroom/one-bathroom units, four (4) two-bedroom/one-bathroom units, and three (3) two-bedroom/two-bathroom residences with spacious floor plans averaging approximately 745 square feet. The residences have been thoughtfully updated with modern kitchens and bathrooms featuring quartz countertops, white shaker cabinetry, laminate flooring, and stainless steel appliances, including dishwashers, ranges, microwaves, and refrigerators. Residents enjoy immediate access to North Park's renowned restaurants, boutiques, coffee shops, and entertainment while remaining just minutes from Downtown San Diego, Balboa Park, and the region's major freeway network. Combining a highly desirable location, renovated interiors, and strong in-place cash flow, 4168 32nd Street presents a compelling opportunity to acquire a well-positioned multifamily asset in one of San Diego's most sought-after urban rental markets.

4168 32nd St, North Park

$3,250,000
14 Beds 9 Baths 260016918 MLS ACTIVE Status
We are pleased to present the exclusive listing for 1913–27 Georgia Court, a 9-unit multifamily investment opportunity located on the highly desirable border of the North Park and Hillcrest neighborhoods in San Diego, California.? Originally constructed between 1930 and 1950, the character-rich property features a durable concrete foundation, classic stucco exterior, wood-framed roofing, and a distinctive courtyard-style layout.? Offered for the first time in over 20 years, this unique property combines low-density, cottage-style living with strong near-term rental upside and long-term redevelopment potential.? The 5,100-square-foot property consists of five 2-bedroom / 1-bathroom cottages and four spacious 1-bedroom / 1-bathroom units.? The attractive unit mix, select units with private yards and large designated storage space for each cottage unit.? Abundant off-street parking includes (9) dedicated spaces (one per unit), and each unit is separately metered for SDG&E.? Recent exterior capital improvements include a new concrete driveway, dual-pane windows in four units, and all-new exterior siding on Cottage Unit 1919.? Through a modern renovation, an investor could capture significant upside and bring rents to current market levels.?

1913-27 Georgia Ct, North Park

$3,750,000
15 Beds 8 Baths 260014626 MLS ACTIVE Status
Exceptional North Park multifamily investment opportunity in one of San Diego’s most sought-after rental markets. Located in the heart of North Park, 4346 Texas Street features eight residential units on a well-positioned lot just steps from the neighborhood’s vibrant collection of restaurants, coffee shops, breweries, and local retailers. Residents enjoy the highly walkable location, with convenient access to North Park, University Heights, Hillcrest, Balboa Park, downtown San Diego, and major transportation corridors. The property's central location continues to attract a strong tenant base drawn to the area's unique blend of urban convenience and neighborhood charm. Whether you're an experienced multifamily investor or looking to expand your portfolio in one of San Diego's strongest rental submarkets, 4346 Texas Street presents a compelling opportunity to acquire an eight-unit asset with existing income, value-add potential, and long-term growth prospects in a premier infill location. The property offers immediate upside potential for investors seeking to increase income through lease-up strategies and rental optimization with the rare opportunity to unlock additional cash flow from day one.

4346 Texas St, North Park

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