We are pleased to exclusively present 3621 Park Boulevard, a 14-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, adjacent to University Heights and Balboa Park. Originally constructed in 1936 as an 11-unit property, it has since been expanded with three (3) newly completed accessory… Read More dwelling units (ADUs) and benefits from recent upgrades to its major building systems. Situated on an approximately 8,221 square-foot lot with approximately 8,107 rentable square feet, the property offers investors a character-rich vintage asset with the modern amenities urban renters expect. The property features a flexible unit mix of three (3) studio / one-bath units, seven (7) one-bedroom / one-bath units and four (4) two-bedroom / one-bath units, catering to a wide range of urban renters. Ownership has completed a comprehensive capital improvement program, including upgraded plumbing, upgraded electrical with individual unit subpanels, and fire safety systems. Every unit includes an in-unit washer and dryer, and select units feature mini-split AC and new electric water heaters. The combination of 1930s architectural character and updated interiors leaves a new owner with limited near-term capital requirements. Sold separately or together as a portfolio with: 2120 Mission Avenue | 27 Units 3513-33 First Avenue | 19 Units Read Less
Courtesy of Conor Brennan, Broker, , Conor M Brennan.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Com-Res Income
Beds
15
Full Baths
14
Lot Size
0.19 Acres
MLS Number
260026833
Additional Details
Building
Living area units: Sqft, 2 buildings
Cooling
Wall/Window
Expenses
Operating: $124,403
Floors
Vinyl
Income
Gross ScheduledIncome: $390,288
Lot
0.18873 acres
Parking
Spaces
Taxes
Parcel Number: 452-361-04-00
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Source: San Diego MLS
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