$5,095,000

Estimated payment $32,641/month

Total Views 358
3 Beds
2 Baths
6,913 Sq Ft
$737 Price per Sq Ft

About This Home

Fully Renovated 12-Unit Investment Property in Prime North Park/University Heights Location. This stabilized 12-unit asset offers the ideal unit mix of six 2BR/1BA and six 1BR/1BA units, with 6 off-street parking spaces and ample street parking via Boundary Street. The property includes 8 extensively remodeled existing units and 4 fully permitted ADUs—all featuring modern finishes, in-unit laundry, and mini-split A/C & heating. Interiors showcase updated kitchens, baths, flooring, lighting, windows, and appliances. Major system upgrades include sewer lateral replacement with new ABS plumbing, a new water main from meter to street, full re-plumbing of the rear building, and a comprehensive electrical overhaul with new panels and SDGE-compliant wiring. Exterior enhancements include new roofs, new siding and overhang, fresh paint, updated fencing, landscaping, and more. Offering a true 5% cap rate, this property is a rare opportunity to acquire a fully modernized, low-maintenance asset that will hold long-term value due to its exceptional location in one of San Diego’s most sought-after neighborhoods.

Listing Agent

Joey Belcastro

Keller Williams Realty License #02141573 Listed on: 09/02/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Additional Features

  • 3 Bedrooms
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Buildings

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 3

Utilities

  • Cooling: Wall/Window

Lot Info

  • Zoning: RM 3-9

Multi Family

  • Number Of Buildings: 2

Map

Range of Values:

Collateral Analytics

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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 Change Sq Ft Price
09/02/2025 09/02/25 For Sale $5,095,000 -- $737 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250037871

San Diego MLS