3736 Mississippi Street
San Diego, CA 92104
- – beds
- – baths
- – sqft
- 7,022 sqft lot
- 1986 build
- – on site
Presenting an exceptional investment opportunity with a 5.1% Cap Rate in the highly desirable North Park area of San Diego. Located just three blocks from Morley Field and Balboa Park, this 4,710-square-foot, six-unit multifamily building offers tenants convenient access to a wide range of amenities, including tennis courts, a dog park, and expansive athletic facilities all within walking distance. This fully occupied, well-maintained property features two 1-bedroom, 1-bath units; three 2-bedroom, 1-bath units; and one 3-bedroom, 2-bath unit. It also features four 1-car garages, 6 uncovered parking spots, and ample off-street parking, a rare find in this neighborhood. Recent updates include upgraded kitchens and refreshed landscaping minimizing maintenance costs and maximizing return on investment. The spacious and thoughtfully designed units are in great condition, attracting quality tenants and offering robust rental income potential. Positioned in the heart of North Park, one of San Diego's trendiest and most vibrant neighborhoods, this property benefits from its proximity to popular local attractions, shopping, and dining hotspots. Residents can enjoy renowned restaurants like The Smoking Goat, Urban Solace, and Tribute Pizza, along with entertainment venues such as the Observatory North Park. The area's thriving business scene and diverse cultural offerings add to its appeal, making it a prime location for investors seeking long-term growth and steady cash flow. With its central location, strong tenant appeal, and potential for appreciation, this property is an ideal addition to any multifamily real estate portfolio. Don't miss out on the chance to invest in one of San Diego's most in-demand and dynamic neighborhoods, where a combination of art, culture, and commerce creates an environment poised for continued growth.
Last checked:
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Last updated Feb 22, 2025
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MLS# 25486917 —
The Building
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Year Built:1986
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4206.00
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Total Number Of Units:6
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# of Buildings:1
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Stories Total:2
Interior
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Features:Ceiling Fan(s)
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Levels:Two
Location
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Directions:Exit the 805 freeway onto University Ave heading West. Make a Left turn onto Mississippi St. The property will be on your right hand side when heading South.
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Latitude:32.74630000
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Longitude:-117.14150200
The Property
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Property Type:Residential Income
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Zoning:RM-1-1
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Lot Size Area:7022.0000
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Lot Size Acres:0.1612
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Lot Size SqFt:7022.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4530213000
Heating & Cooling
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Heating:1
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Heating:Forced Air
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Cooling:No
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Cooling:None
Appliances
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Appliances:Dishwasher, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway, Street, Private, Shared Driveway
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Parking Spaces:11.00
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Garage Spaces:4.00
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Uncovered Spaces:7.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/21/25
Jan 21, 2025
|
Listed / Active | CRMLS_CA | $3,399,000 | |
|
11/18/24
Nov 18, 2024
|
Price Changed | CRMLS_CA | ||
|
10/22/24
Oct 22, 2024
|
Listed / Active | CRMLS_CA |
