$2,650,000

Estimated payment $16,590/month

8 Beds
5 Baths
3,400 Sq Ft
$779 Price per Sq Ft

About This Home

5 Units. 3 Buildings. An exceptional opportunity to own a high-performing, fully updated multi-unit property in the heart of North Park—one of San Diego’s most sought-after rental markets. Situated on a large lot just steps from Balboa Park, Morley Field, and the neighborhood’s top dining, coffee shops, and boutiques, this property combines location, design, and income potential. The front home features a beautifully remodeled three-bedroom, two-bath layout with modern finishes, while a well-maintained duplex offers two spacious two-bedroom, one-bath units, and an additional one-bedroom unit adds further flexibility. A freestanding one-bedroom, one-bath/one bed ADU provides immediate upside, previously rented at $1,950 per month and not included in the listed unit count or current rents. Each residence enjoys a private entrance and outdoor space, enhancing tenant privacy and retention. With all major updates complete, strong in-place income, and clear potential for growth, this property represents a rare turnkey investment delivering steady cash flow and long-term appreciation in one of San Diego’s most desirable neighborhoods.

Listing Agent

Ryan Brodmann

Compass License #01999001 Listed on: 11/07/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Parking

  • Alley Access

Home Design

  • Composition Roof

Interior Spaces

  • 8 Bedrooms
  • 3,400 Sq Ft Home
  • 2-Story Property

Additional Features

  • Partially Fenced Property
  • Cooling System Mounted To A Wall/Window

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • 3365 3371 Grim Ave Community
  • North Park Subdivision

Building Details

  • Operating Expense $34,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1921
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • SpaFeatures: N/K
  • Security Features: N/K
  • CapRate: 6.0
  • Co List Office Mls Id: 8355
  • Subdivision Name: NORTH PARK
  • BuildingName: 3365-3371 Grim Ave
  • AgeRestrictions: N/K
  • ShortSale: No
  • Site: Alley Access, Public Street, Sidewalks, Street Paved
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Bedrooms: 8

Exterior Features

  • Fencing: Partial
  • Roof: Composition
  • Pool Features: N/K
  • Construction Type: Wood/Stucco

Utilities

  • Cooling: Central Forced Air, Wall/Window
  • Utilities: Sewer Connected
  • Water Source: Meter on Property

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Number Of Buildings: 3
  • Number Of Units Total: 5
  • Annual Operating Expense: 34000.0

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2025 11/07/25 For Sale $2,650,000 -- $779 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250043660

San Diego MLS