3862-70 Swift Ave San Diego, CA 92104

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Kurt Wannebo

kurt@wanneboreg.com +1(858) 405-5878

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250025254

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 5.0% cap rate. Pro forma income is $15,975/month, delivering a projected 5.6% cap rate at market rates. 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 North Park (92104)

Building

Story 1

Others

Space Rent $177,408

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Listed by Jason J Lee • JLM Real Estate Inc

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Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

3862-70 Swift Ave San Diego, CA 92104

Kurt Wannebo

Key Details

Location

Building

Others

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3862-70 Swift Ave