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3736 Mississippi St
San Diego, CA 92104
Palm Court · Multifamily Property For Sale · 6 Units

INVESTMENT HIGHLIGHTS

  • Stable Strong Cap Rate
  • Desirable Prime Location - Walkable to 30th St. corridor—high tenant demand
  • Solar system eliminates main building electric bill
  • Potential to Increase Income
  • Upside in Rents
  • 4 garages, 6+ parking spaces, long driveway, shared back patio

EXECUTIVE SUMMARY

Luxury Live Auction!! Bidding to Start form price is $1,500,000.00!! An Exceptional Opportunity to own a pride-of-ownership six-unit multifamily building in the heart of one of San Diego’s most sought-after neighborhoods—North Park. Just three blocks from Morley Field and Balboa Park, this turnkey investment offers an unbeatable location surrounded by tree-lined streets, local eateries, and endless urban charm. Set on a generous lot with 4,710 square feet of living space, the property features a highly desirable unit mix: two 1-bed/1-bath units, three 2-bed/1-bath units, and one expansive 3-bed/2-bath unit. All units are fully occupied with tenants currently on month-to-month leases, allowing for immediate rental upside given the high demand and rising market rents in the area. Each unit is individually metered for gas and electricity, while the main building benefits from solar panels, eliminating the electricity bill for common areas—a cost-saving feature that boosts your bottom line. Recent upgrades include stylish kitchen improvements and refreshed landscaping, keeping maintenance minimal while enhancing tenant appeal. A standout in the neighborhood, the property also includes four private garages, six additional uncovered parking spaces, and rare off-street parking—a huge value-add for tenants in this high-demand pocket of North Park. Beyond the property lines, residents enjoy walkable access to Morley Field’s tennis courts, dog park, pool, and athletic facilities, along with countless cafes, boutiques, breweries, and beloved local restaurants like The Smoking Goat, Tribute Pizza, and Urban Solace. With its close proximity to downtown, beaches, and major freeways, North Park continues to be one of San Diego’s most dynamic and thriving rental markets. This is more than just a property—it’s a powerful investment in location, lifestyle, and long-term value. Home inspection available. Submit your offer soon—opportunities like this in North Park are rare and move quickly. Seller financing available!

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 4,710 SF
Average Occupancy 100%
No. Stories 2
Year Built 1986
Parking Ratio 1.27/1,000 SF
APN / Parcel ID 453-021-30
Zoning R-2, San Diego - Multi-Family Establishment

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

SITE AMENITIES

  • Laundry Facilities
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 $4,200 -
2+1 3 $8,060 -
3+2 1 $3,500 -
  • Listing ID: 36303864

  • Date on Market: 6/18/2025

  • Last Updated:

  • Address: 3736 Mississippi St, San Diego, CA 92104

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