3935 Utah, San Diego, CA 92104
Local realty services provided by:CENTURY 21 Epic
Listed by: ken schwartz
Office: century 21 affiliated619-471-2000
MLS#:260008133SD
Source:CRMLS
Price summary
- Price:$1,275,000
About this home
Fully occupied duplex in the heart of North Park delivering $6,180/month ($74,160/yr) in gross rental income. Unit 1: 1BR/1BA | 574 SF | $2,660/mo. Unit 2: 2BR/1BA | 945 SF | $3,520/mo. Both units were thoughtfully renovated in 2023 with updated appliances and fresh finishes throughout, move-in ready for an owner/user or a turnkey hold for the investor who wants stable income from day one. For the value-add buyer, the 2023 renovation provides a clean, well-maintained canvas with clear runway to elevate finishes to a premium tier and push rents meaningfully higher in a submarket that consistently rewards quality. North Park boasts a WalkScore of 97, 60+ restaurants and bars, 20+ craft breweries, and sits within 15 minutes of 450,000+ jobs. Tenant demand here is structural and durable. Beyond the income, this parcel is one half of a permit-approved assemblage for an 8-story, 70-unit multifamily development by Ehrlich Yanai Rhee Chaney Architects with entitlement risk already eliminated. Combined with adjacent Parcel B, the 0.26-acre site is shovel-ready. Both parcels must be acquired together to complete the development. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing....
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Home facts
- Year built:1922
- Listing ID #:260008133SD
- Added:25 day(s) ago
- Updated:May 03, 2026 at 07:40 AM
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Composition
- Year built:1922
- Lot area:0.13 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,275,000
Features and amenities
- Amenities:Gas Water Heater
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