Listing provided courtesy of: JLM Real Estate Inc.
3862 Swift Ave Ave
San Diego, CA 92104-
Est. Payment/ mo
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 5.0% cap rate. Pro forma income is $15,975/month, delivering a projected 5.6% cap rate at market rates. 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.
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PROPERTY DETAILS
- Price $2,100,000
- Building Units 5
- Property Type Commercial Sale
- MLS Number 250025254SD
- Days on Market 19
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DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: JLM Real Estate Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 05/12/2025 21:14:10
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