Description

Well-maintained 7-unit multifamily property located in the heart of North Park, one of San Diego’s most desirable rental submarkets. Constructed in 1990, the property offers newer vintage construction relative to surrounding housing stock and features a strong unit mix of (1) 2BR-2.5BA Townhome, (5) 2BR-2BA and (1) 1BR-1BA. The property is securely gated and offers 6 single-car garages, two of which are deep tandem garages, providing a parking configuration that aligns well with tenant preferences. All units have been updated with quartz countertops, wood flooring, stainless steel appliances, fireplaces, wall A/C units, and electric heaters. Select units feature vaulted ceilings, balconies, or private patios. Every unit is equipped with in-unit washer and dryer, a highly desirable amenity for tenants in this market. Additional construction features include stamped concrete hardscape throughout, steel stair risers with concrete steps, and a 30-year roof installed in 2018 with new fascia. Located within walking distance to North Park’s restaurants, shops, and everyday amenities, the property benefits from strong renter demand and long-term neighborhood appeal. This asset presents an attractive opportunity for investors seeking a stabilized, well-maintained multifamily property in a proven urban infill location.