3862-70 Swift Ave, North Park, CA 92104
- $1,899,000
- 13
- BD
- 9
- BA
- 4,000
- SqFt
- List Price
- $1,899,000
- Price Change
- ▼ $101,000 1752053575
- Status
- ACTIVE
- MLS#
- 250025254
- Bedrooms
- 13
- Bathrooms
- 9
- Living Sq. Ft
- 4,000
- Property Type
- Multifamily
Property Description
Turnkey 5-unit multifamily asset in the high-demand North Park metro area, right at the edge of the Corridor/Cherokee Point neighborhoods. 3862-70 Swift Ave includes three 3BD/2BA units, one 2BD/2BA, and one 2BD/1BA—all fully rehabbed and updated with modern finishes and systems. Zero deferred maintenance and minimal capex projections in the long run make this a highly sought after passive real estate investment. Currently generating $14,784/month in gross rents with a 6.0% cap rate. Pro forma income is $15,975/month, delivering a projected 6.7% cap rate at market rates with consistent rent increases. This fully stabilized investment opportunity offers high upside in a rapidly appreciating submarket. Strong unit mix, updated interiors, and proximity to North Park’s retail, dining, and transit make this an ideal asset for investors seeking solid in-place income with future growth potential. Clean financials, renovated product, and a location that consistently drives tenant demand.
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Additional Information
- Living Area
- 4,000
- Stories
- 1
Mortgage Calculator
Listing courtesy of Listing Agent: Jason J Lee (858-343-4655) from Listing Office: Nara Advisors, Inc..
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