Palm Court 3736 Mississippi St 6 Unit Apartment Building $3,199,999 ($533,333/Unit) 5.19% Cap Rate San Diego, CA 92104

Presenting an exceptional investment opportunity in the highly desirable North Park neighborhood of San Diego. This fully occupied, well-maintained 4,710-square-foot, six-unit multifamily property features a diverse unit mix consisting of two 1-bedroom, 1-bath units, three 2-bedroom, 1-bath units, and one 3-bedroom, 2-bath unit. The property also includes four single car garages, six uncovered parking spaces, and additional off-street parking, an uncommon amenity in this neighborhood. Ideally situated just three blocks from Morley Field and Balboa Park, residents enjoy convenient access to a wide array of recreational amenities including tennis courts, a dog park, and expansive athletic facilities, all within easy walking distance. Recent improvements include upgraded kitchens and refreshed landscaping, helping reduce maintenance demands while supporting strong long term returns. The spacious, thoughtfully designed units are in excellent condition, attracting quality tenants and offering consistent rental income potential. Positioned in the heart of North Park, one of San Diego's most vibrant and trendsetting communities, the property benefits from its close proximity to popular dining, shopping, and entertainment destinations. Residents are near well known local favorites such as The Smoking Goat, Urban Solace, and Tribute Pizza, along with entertainment venues like Observatory North Park. North Park's thriving business community and diverse cultural offerings further enhance its appeal, making it an ideal location for investors seeking long term growth and steady cash flow. With its central location, strong tenant demand, and potential for appreciation, this property represents a valuable addition to any multifamily real estate portfolio. Don't miss the opportunity to invest in one of San Diego's most dynamic and in demand neighborhoods where a unique blend of art, culture, and commerce continues to drive sustained growth.