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$ 1,870,000
$ 1,899,000 1.5%
Est. payment | /mo
$ 1,870,000
$ 1,899,000 1.5%
Est. payment | /mo
Key Details
Sold Price $1,870,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250025254SD
Sold Date 08/25/25
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Turnkey 5-unit multifamily asset in the high-demand North Park metro area, right at the edge of the Corridor/Cherokee Point neighborhoods. 3862-70 Swift Ave includes three 3BD/2BA units, one 2BD/2BA, and one 2BD/1BA—all fully rehabbed and updated with modern finishes and systems. Zero deferred maintenance and minimal capex projections in the long run make this a highly sought after passive real estate investment. Currently generating $14,784/month in gross rents with a 6.0% cap rate. Pro forma income is $15,975/month, delivering a projected 6.7% cap rate at market rates with consistent rent increases. This fully stabilized investment opportunity offers high upside in a rapidly appreciating submarket. Strong unit mix, updated interiors, and proximity to North Park's retail, dining, and transit make this an ideal asset for investors seeking solid in-place income with future growth potential. Clean financials, renovated product, and a location that consistently drives tenant demand.
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Others
Tax ID 4474511800
Financing Other
Listed by Jason Lee Nara Advisors, Inc.
Bought with Adam Cairo Starker West, Inc.
Bought with Adam Cairo Starker West, Inc.
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