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Buy a propertyat 3807 Arnold Avenue, San Diego, CA 92104

$1,095,000

$0/mo

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Multifamily

0 Bathrooms

292 Days on market

230013664SD MLS ID

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About 3807 Arnold Avenue property

We are pleased to present 3807 Arnold Ave, a 2-unit multi-residential community located in the North Park neighborhood of San Diego, California. Constructed in 1925, the two-story property is situated on 0.05 acres and is comprised of one (1) studio and one (1) two-bedroom/one-bathroom single family residence totaling approximately 1,384 square feet. The subject property is ideally located in the southern end of North Park, today's epicenter of rent growth in San Diego. Additionally, the property is a few blocks away from Morley Field/Balboa Park which offers tennis courts, public pool, baseball ?elds, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on University Avenue and 30th Street. Additionally, the property boasts a Walk Score of 96 points which is considered a “Walker’s Paradise,” meaning that daily errands do not require a car and can be accomplished on foot. Lastly, residents enjoy easy access to Interstate 805 via University Avenue. The subject property provides an investor the rare opportunity to purchase a very well-maintained investment in a high barrier to entry market. The asset is well-positioned for an investor to enjoy the high rate of rental growth that North Park has to offer. Offered free and clear of debt, allowing investors to take advantage of historically low interest rates.
We are pleased to present 3807 Arnold Ave, a 2-unit multi-residential community located in the North Park neighborhood of San Diego, California. Constructed in 1925, the two-story property is situated on 0.05 acres and is comprised of one (1) studio and one (1) two-bedroom/one-bathroom single family residence totaling approximately 1,384 square feet. The subject property is ideally located in the southern end of North Park, today's epicenter of rent growth in San Diego. Additionally, the property is a few blocks away from Morley Field/Balboa Park which offers tennis courts, public pool, baseball ?elds, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on University Avenue and 30th Street. Additionally, the property boasts a Walk Score of 96 points which is considered a “Walker’s Paradise,” meaning that daily errands do not require a car and can be accomplished on foot. Lastly, residents enjoy easy access to Interstate 805 via University Avenue. The subject property provides an investor the rare opportunity to purchase a very well-maintained investment in a high barrier to entry market. The asset is well-positioned for an investor to enjoy the high rate of rental growth that North Park has to offer. Offered free and clear of debt, allowing investors to take advantage of historically low interest rates.

Property details

House

2 total stories

Built in 1925

Stories: 2

Two

Cooling

Heat Pump

Income

Gross Scheduled Income: 41640

Net Operating Income: 19191

Listing

Listing ID: 230013664SD

Listed on 2023-07-14

Location

County: San Diego

Subdivision: North Park

Property

2 buildings

2 units

Tenant Pays

See Remarks

Monthly cost

Estimated monthly cost

$6,978/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,029,300

+$32,850

$1,062,150

Seller agent commission$32,850 (3%)*

$0 (0%)

Buyer agent commission$32,850 (3%)*

$32,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: May 2, 2024 at 4:52 p.m.

Data updated: Jul 15, 2023 at 5:05 a.m.

Property listed by Marcus & Millichap, Kire Nastevski
Based on information from California Regional Multiple Listing Service, Inc. as of 07/15/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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