3862-70 Swift Ave, San Diego, CA 92104 - Berkshire Hathaway HomeServices California Properties

3862-70 Swift Ave, San Diego, CA 92104

$2,000,000 Approx. USD 0 beds, 0 baths
4,000 sqft

Listing Agent


Jason J Lee
Lic#: 02068011
Broker: Courtesy of Nara Advisors, Inc.

Agent Remarks

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.

Listing Details

Property type: Com-Res Income (Multi-family)
Status: ACTIVE
MLS# 250025254
List price is $2,000,000 Reduced by $100,000 on 6/11/2025
Price: $2,000,000
Beds: 0
Baths: 0
4,000 sqft
County: San Diego
MLS area: NORTH PARK (92104)

Last Updated: 6/11/2025

 Days On Market (DOM): 73

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This listing belongs to the NORTH PARK (92104) MLS area

Lat/Long: 32.749049, -117.119821.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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