4338-4352 Mississippi, San Diego, 92104

Commercial - Com-Res Income For Sale

$8,950,000

Beds
Baths
Sqft
.41Acres
Built
13DOM
MLS® #: 210019144
ACTIVE, 13 Days on Market

Originally constructed in 1958 & 1961, the property is comprised of 23 units with a mix of one and two-bedroom floor plans. The site consists of three contiguous parcels, allowing a future investor to sell one or more parcels as an alternative exit strategy. The immediate submarket has vastly improved with the recent construction of high-end apartment buildings such as the BLVD North Park, Vida and Above the Boulevard. These assets are achieving rents about $3.00/SF. The subject was extensively remodeled with new dual pane windows, new kitchens and bathrooms, washer and dryers in 2-bedroom units, new interior and exterior paint. Additional upgrades were made to plumbing and electrical as needed during renovation. The property is located in the uptown community of North Park, one of San Diego’s trendiest and fastest growing neighborhoods. In recent years, North Park has become known for its exciting nightlife, shopping, dining, arts, music and exploding craft beer scene. The property represents a turnkey investment opportunity located in a desirable residential neighborhood with close proximity to abundant retail and neighborhood amenities. This offering is perfect for the long term investor seeking a pride of ownership asset with low maintenance and a strong cash flow.

Essential Information

MLS® #: 210019144
Price: $8,950,000
Acres: 0.41
Type: Commercial
Sub-Type: Com-Res Income
Status: ACTIVE

Community Information

Address: 4338-4352 Mississippi
Area: NORTH PARK (92104)
City: San Diego
County: San Diego
State: CA
Zip Code: 92104

Amenities

Parking: Carports, Garages, Spaces

Interior

Heating: Wall
# of Stories: 2

Exterior

Roof: Composition
Construction: Frame, Stucco

Additional Information

Date Listed: July 8th, 2021
Days on Market: 13
Zoning: RM-3-9

Listing Details

Listing Office: Eric D. Comer, Broker

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®, Inc.

Listing information last updated on September 22nd, 2021 at 1:45pm PDT.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®, Inc.

Listing information last updated on July 21st, 2021 at 12:57pm PDT.