3746 31St Street

San Diego, CA 92104 View Map $2,995,000 Schedule a Tour
Beds8
Baths8
Sq.Ft.6,267
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Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730
 
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FOR SALE: 3746 31St Street San Diego CA 92104 | NDP2404996 |$2,995,000| Call Rob (858) 752-8730 for a TOUR!

Status: Active
Property Type:Res Income 2-4 Units
MLS #:NDP2404996
Sq. Feet:6,267
On Site:46 Days
Lot Size:0.14 Acres
County:San Diego

Listing Agent/Office

Agent:Eric Von Bluecher
Agent Phone:760-929-9700
Office:Lee & Associates
Highest Cap Rate (4.84%) and Lowest GRM (13.59), 3rd lowest price per foot ($553) available right now in North Park, San Diego. Well maintained building with interiors featuring vinyl flooring, tile counters and updated stainless appliances in most units. 5 out of 7 units are 2 bedroom, 2 baths with master ensuite baths along with 2, one bed, one bath units. Laundry room on-site for additional income. The building is located one block away from University Ave and 3 streets away to the 30th Street corridor. In just a quick 5 minute walk to north or west, tenants have immediate access to some of the most popular nightlife, restaurants, coffee, shopping, art galleries, theater, farmers markets, brunch spots, boutiques, and breweries in all of San Diego. The property is centrally located near the 15, 805, 163, and 8 Freeways and minutes away from Balboa Park which hosts events, museums, concerts and more. Investors can buy this building and achieve a well above market cap rate on day one in addition to have plenty of opportunity to add value with further renovations and improvements such as ensuite washer/dryer additions, new windows, and more. Contact list agents for a tour and full marketing brochure.

Highest Cap Rate (4.84%) and Lowest GRM (13.59), 3rd lowest price per foot ($553) available right now in North Park, San Diego. Well maintained building with interiors featuring vinyl flooring, tile counters and updated stainless appliances in most units. 5 out of 7 units are 2 bedroom, 2 baths with master ensuite baths along with 2, one bed, one bath units. Laundry room on-site for additional income. The building is located one block away from University Ave and 3 streets away to the 30th Street corridor. In just a quick 5 minute walk to north or west, tenants have immediate access to some of the most popular nightlife, restaurants, coffee, shopping, art galleries, theater, farmers markets, brunch spots, boutiques, and breweries in all of San Diego. The property is centrally located near the 15, 805, 163, and 8 Freeways and minutes away from Balboa Park which hosts events, museums, concerts and more. Investors can buy this building and achieve a well above market cap rate on day one in addition to have plenty of opportunity to add value with further renovations and improvements such as ensuite washer/dryer additions, new windows, and more. Contact list agents for a tour and full marketing brochure.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
7/12/2024$3,050,000$2,995,000-1.8%

Community Information

Address:3746 31St Street, San Diego, CA 92104
County:San Diego
Subdivision:North Park
Zip Code:92104

Architecture

Bedrooms: 8
Bathrooms: 8
Stories:2
Total Stories: 2
Unit 1: 2 beds, 2 baths. Rent: $2293.0
Unit 2: 2 beds, 2 baths. Rent: $3035.0
Unit 3: 2 beds, 2 baths. Rent: $3035.0
Unit 4: 2 beds, 2 baths. Rent: $2430.0

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Size: 0.14 Acres
Lot Dimensions:4,000-7,499 SF
Site: Sidewalks
Directions:Head east on University Ave and go south on 31st St.

Tax and Financial Info

Gross Sched Income Actual: $199, 140
Annual Expense Actual: $68, 835
Cap Rate Actual: $4.84
Terms: Cash, Conventional, Exchange

Schools

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3746 31St Street San Diego,  CA 92104
GO SEE THIS LISTING
3746 31St Street San Diego, CA 92104
 
ASAP
Tue
23
Jul
Wed
24
Jul
Thu
25
Jul
Fri
26
Jul
Sat
27
Jul
Sun
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Jul
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29
Jul
Choose Your Date -- It's Free, Cancel Anytime
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Listing information last updated on July 22, 2024 4:00 AM EST.