3736 Mississippi St, San Diego, CA 92104

Luxury Live Auction! Bidding to start from $1,500,000! An Exceptional Opportunity to own a pride-of-ownership (6)-unit multifamily building in the heart of one of San Diego’s most sought-after neighborhoods—North Park. Just three blocks from Morley Field and Balboa Park, this turnkey investment offers an unbeatable location surrounded by tree-lined streets, local eateries, and endless urban charm. Set on a generous lot with 4,710 square feet of living space, the property features a highly desirable unit mix: (2) 1-bed/1-bath units, (3) 2-bed/1-bath units, and (1) expansive 3-bed/2-bath unit. All units are fully occupied with tenants currently on month-to-month leases, allowing for immediate rental upside given the high demand and rising market rents in the area. Rents can be further raised up to 8.5%. Each unit is individually metered for gas and electricity, while the main building benefits from solar panels, eliminating the electricity bill for common areas—a cost-saving feature that boosts your bottom line. NOI: $172,854 w/ strong CAP rate potential, paid-off solar, and low Operating Expenses. Recent upgrades include stylish kitchen improvements and refreshed landscaping, keeping maintenance minimal while enhancing tenant appeal. A standout in the neighborhood, the property also includes (4) private garages, (6) additional uncovered parking spaces, and rare off-street parking—a huge value-add for tenants in this high-demand pocket of North Park. Beyond the property lines, residents enjoy walkable access to Morley Field’s tennis courts, dog park, pool, and athletic facilities, along with countless cafes, boutiques, breweries, and beloved local restaurants like The Smoking Goat, Tribute Pizza, and Urban Solace. With its close proximity to downtown, beaches, and major freeways, North Park continues to be one of San Diego’s most dynamic and thriving rental markets. This is more than just a property—it’s a powerful investment in location, lifestyle, and long-term value. Home inspection available. Submit your offer soon—opportunities like this in North Park are rare and move quickly!