Description

We are pleased to exclusively present 4333 Utah Street, a rare six unit apartment building in the coveted North Park neighborhood of San Diego, CA. Built in 1945, this bungalow style community features six similar 1-bedroom /1-bath units that have been meticulously maintained by current ownership. Units are about 510 square feet on average with original to partially updated interiors. Units include refurbished original hardwood flooring, custom tile in the kitchens and bathrooms, custom built-ins, front and rear entry to units, mix of white and stainless appliance packages. A few storage rooms lie under the stairs/balcony of the rear structure. There are five separate single car garages at the rear of the building that could be converted to ADUs easily with access to power and plumbing from the laundry room on the other side of the garages. An astute investor may rehabilitate units to highest end finishes, convert garages to ADUs and maximize property income. North Park boasts a prime location, proximate to downtown San Diego, Hillcrest and Balboa Park, offering residents easy access to a vibrant urban lifestyle and abundant recreationalactivities. Additionally, North Park’s strong rental market, fueled by its proximity to major employers, universities, and healthcare facilities, ensures consistent demand for housing, making it a reliable investment option. Moreover, the neighborhood’s diverse community and thriving cultural scene contribute to its appeal, attracting a wide range of tenants seeking a dynamic urban experience. Finally, with ongoing revitalization efforts and planned infrastructure improvements, North Park promises long-term appreciation potential, making it an attractive choice for savvy real estate investors seeking both stability and growth opportunities.