North Park (92104) Real Estate

North Park (92104) Real Estate

Welcome to North Park (92104), a vibrant and eclectic neighborhood nestled in the heart of San Diego, California. Known for its unique blend of historic charm and modern amenities, North Park offers residents a lively urban atmosphere with a strong sense of community.

Situated in San Diego County, North Park is a dynamic neighborhood that boasts a diverse array of restaurants, cafes, boutiques, and art galleries. Residents can explore the local farmers' market, catch live music at one of the many venues, or simply take a leisurely stroll through the tree-lined streets.

With its central location, North Park provides easy access to all that San Diego has to offer. Whether you're looking to spend a day at the beach, hike in one of the nearby parks, or enjoy a night out in the Gaslamp Quarter, everything is just a short drive away.

Real estate in North Park ranges from historic craftsman homes to modern condominiums, offering something for everyone. Whether you're a first-time homebuyer, a growing family, or a retiree looking to downsize, North Park has a place for you to call home.

Come experience the unique charm and energy of North Park – where urban living meets community spirit in beautiful San Diego, California.

Newest Listings in North Park (92104)

$3,575,000
PTP2606618 MLS Active Status
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 Diego’s 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 approximately 11% income upside remaining with select units, the implementation of a utility billback program, and separated billing one of the double car garages. The asset is forecasted to produce $290,011 GSI and a 5.76% market cap rate at full market operations, with no additional capital investment required to achieve that additional income

4341 Texas Street, San Diego

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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.