Offer Price:

$2,149,000

Cap Rate:

4.07%

Price/SF:

$831.66

Price/Unit:

$429,800

Gross Building Area:

2,584 SF

Lot Size:

0.17 Acres

Status:

Active

Submarket:

Central

Property Type:

Apartments

Strategy:

Core

The Bove Group is proud to present a stylish 5-unit apartment complex at 3970-74 Florida Street in the vibrant North Park neighborhood of San Diego. This well-designed property encompasses 2,584 square feet of living space on a spacious 7,490-square-foot lot, zoned RM-3-9 with a CCHS overlay, providing potential for future development. The property is also located in an Opportunity Zone, offering investors potential tax advantages in addition to its strong location appeal.

The complex offers a thoughtfully curated unit mix, including three spacious one-bedroom, one-bathroom units and two inviting two-bedroom, one-bathroom units, catering to a variety of living preferences. Each unit is beautifully finished with sleek vinyl plank flooring for a modern look and easy maintenance. Air conditioning systems ensure year-round comfort, while custom lighting enhances the warm and contemporary ambiance.

Ideally situated on Florida Street, this property is located in the heart of North Park, offering residents convenient access to the area’s lively dining, shopping, and entertainment op-tions. This is an outstanding investment opportunity, com-bining comfort and modern amenities in one of San Diego’s most popular neighborhoods.

Listed By:

Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094