4341 Texas Street, San Diego, CA 92104
Local realty services provided by:CENTURY 21 Masters
4341 Texas Street,San Diego, CA 92104
$3,575,000
- 4 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: maxwell brown
Office: commercial asset advisors
MLS#:PTP2606618
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,575,000
About this home
The highest return turnkey Northpark multifamily deal on the market AND it has excessive parking AND highly desirable 1987 construction! 4341 Texas Street, San Diego offers a fully renovated, 1987 construction, 9-unit multifamily asset with an excessive 14 off-street parking spaces, immediate cash flow and remaining rental upside. 100% of units have been renovated. The property is ideally situated in the center of Northpark, one of San Diegos strongest and fondest rental markets. The property consists of an ideal and diverse unit mix of (6) 1 Bed / 1 Bath and (3) 3 Bed / 2 Bath units. All 3-Bedroom units possess in-unit laundry and AC. Onsite laundry is provided for the 1-bedroom units. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Submarket. 4341 Texas will outperform competing rentals by providing over a 1:1 off-street parking ratio plus an additional 4 garage spaces yielding 14 total parking spaces for 9 units, which is just shy of 1 parking space per bedroom, an extremely rare commodity in the dense Northpark submarket. The property features full ABS plumbing, individual unit water heaters for reduced SDGE usage,Challenger brand electrical panels with Romex wiring (400 amp/220V main service), and a pitched shingle roof. Ownership will benefit from the highly desirable infrastructure systems of a 1987 construction asset while maintaining the operational simplicity of a low-density asset, 2 story walk up building. The asset currently generates $270,812 annual GSI and $180,061 NOI, yielding a 5.04% in-place cap rate. There is...
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Home facts
- Listing ID #:PTP2606618
- Added:27 day(s) ago
- Updated:September 28, 2026 at 02:27 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
Finances and disclosures
- Price:$3,575,000
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