3862 Swift Ave, San Diego, CA 92104 – 250025254SD

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 2,000,000

Est. payment | -/mo

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$ 2,000,000

Est. payment | -/mo

Save Video Tour

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250025254SD

HOA Y/N No

Property Sub-Type Mixed Use

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 92104 - North Park

Interior

Fireplace No

Others

Tax ID 4474511800

Listed by Jason Lee • Nara Advisors, Inc.

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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3862 Swift Ave San Diego, CA 92104