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$ 1,870,000
$ 1,899,000 1.5%
Est. payment | /mo
13 Beds
9 Baths
4,000 SqFt
$ 1,870,000
$ 1,899,000 1.5%
Est. payment | /mo
13 Beds
9 Baths
4,000 SqFt
Key Details
Sold Price $1,870,000
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $467
MLS Listing ID 250025254
Sold Date 08/25/25
Bedrooms 13
Property Sub-Type Com-Res Income
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 6.0% cap rate. Pro forma income is $15,975/month, delivering a projected 6.7% cap rate at market rates with consistent rent increases. 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 Metro Uptown
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Others
Tax ID 447-451-18-00
Listed by Jason J Lee Nara Advisors, Inc.
Bought with Adam Cairo Starker West, Inc.
Bought with Adam Cairo Starker West, Inc.
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Deborah Leone
REALTOR® | Lic# 01849694