3937 Utah, San Diego, CA 92104
Local realty services provided by:ERA Excel Realty
3937 Utah,San Diego, CA 92104
$1,350,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ken schwartz
Office: century 21 affiliated
MLS#:260008132SD
Source:CRMLS
Price summary
- Price:$1,350,000
About this home
Fully leased duplex generating $6,705/month ($80,460/yr) in gross rental income in prime North Park. Unit 1: 2BR/1BA | 800 SF | $3,385/mo. Unit 2: 2BR/1BA | 942 SF | $3,320/mo. Both units were renovated in 2023 with updated appliances and refreshed finishes, delivering a well-maintained, move-in ready product that appeals to quality-conscious tenants and owner/users alike. For the investor with a value-add eye, the 2023 renovation sets a solid baseline with real upside remaining, as a high-end finish upgrade has a clear path to premium rents in a neighborhood where renters consistently pay for quality. North Park is San Diego's most dynamic urban rental submarket, walkable, amenity-rich, and structurally undersupplied, with a WalkScore of 97 and a renter base anchored by young professionals and creatives who drive durable occupancy. This parcel is the essential second piece of a permit-approved 8-story, 70-unit development at 3933-3941 Utah Street. Plans by Ehrlich Yanai Rhee Chaney Architects are complete and entitlements are in place. Both parcels must be acquired together to complete the project. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing....
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Home facts
- Year built:1939
- Listing ID #:260008132SD
- Added:1 day(s) ago
- Updated:April 08, 2026 at 02:44 AM
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1939
- Lot area:0.13 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,350,000
Features and amenities
- Appliances:Gas Water Heater
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