3864 35th St, North Park, CA 92104
- $5,350,000
- 3
- BD
- 3
- BA
- 10,410
- SqFt
- List Price
- $5,350,000
- Status
- ACTIVE
- MLS#
- 250035401
- Bedrooms
- 3
- Bathrooms
- 3
- Living Sq. Ft
- 10,410
- Property Type
- Multifamily
Property Description
- Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~20.6%) across the board - 6.5% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $297,000 is a ~28% discount to comparable sales Encouraging all offers.
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Additional Information
- Living Area
- 10,410
- Stories
- 3
Mortgage Calculator
Listing courtesy of Listing Agent: Erik M Anderson (858-395-6935) from Listing Office: Newmark of Southern California.
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