$1,070,000
$1,095,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/24/2023
Key Details
Sold Price $1,070,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 230013664SD
Sold Date 10/24/23
HOA Y/N No
Year Built 1925
Property Description
We are pleased to present 3807 Arnold Ave, a 2-unit multi-residential community located in the North Park neighborhood of San Diego, California. Constructed in 1925, the two-story property is situated on 0.05 acres and is comprised of one (1) studio and one (1) two-bedroom/one-bathroom single family residence totaling approximately 1,384 square feet. The subject property is ideally located in the southern end of North Park, today's epicenter of rent growth in San Diego. Additionally, the property is a few blocks away from Morley Field/Balboa Park which offers tennis courts, public pool, baseball ?elds, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on University Avenue and 30th Street. Additionally, the property boasts a Walk Score of 96 points which is considered a “Walker’s Paradise,” meaning that daily errands do not require a car and can be accomplished on foot. Lastly, residents enjoy easy access to Interstate 805 via University Avenue. The subject property provides an investor the rare opportunity to purchase a very well-maintained investment in a high barrier to entry market. The asset is well-positioned for an investor to enjoy the high rate of rental growth that North Park has to offer. Offered free and clear of debt, allowing investors to take advantage of historically low interest rates.
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name Duplex
Interior
Cooling Heat Pump
Fireplace No
Exterior
Fence None
View Y/N No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Tax ID 4530720600
Financing Other
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Bought with Kire Nastevski • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner