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3978 Utah St

8 Unit Apartment Building $3,360,000 ($420,000/Unit) 3.60% Cap Rate San Diego, CA 92104

INVESTMENT HIGHLIGHTS

  • Heart of North Park Location - Within Blocks of University Avenue and 30th Street
  • Desirable Unit Mix of Spacious One and Two Bedroom Units
  • (8) Off-Street Parking Spaces
  • First Time on Market in Over 30 Years
  • Extensive Capital Improvements - Dual Pane Windows and Upgraded Electrical System
  • On-Site Laundry and Gated Entry

ATTACHMENTS

3978 Utah St OM

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $3,360,000
Price Per Unit $420,000
Sale Type Investment
Cap Rate 3.60%
Gross Rent Multiplier 16.84
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 6,521 SF
No. Stories 2
Year Built 1973
Parking Ratio 1.23/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 5 - 600
2+1 1 - 850
2+2 2 - 900
Walk Score®
Walker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
445-712-21
Land Assessment
$50,485
Improvements Assessment
$181,408
Total Assessment
$231,893
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

ZONING

Zoning Code R3
R3
  • Listing ID: 34558106

  • Date on Market: 1/21/2025

  • Last Updated:

  • Address: 3978 Utah St, San Diego, CA 92104

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