Property Detail

Description

MOTIVATED SELLER!! SELLER NEEDS TO SELL BEFORE END OF 2026!! 3860–64 Wilson Ave is a well-positioned three-unit multifamily property located in San Diego’s desirable 92104 submarket near North Park. Built in 1955, the property offers approximately 1,856 rentable square feet on an oversized 7,224 square foot lot and features an attractive unit mix consisting of one 1Br/1Ba, a 2Br/2Ba unit, and one 2Br/2Ba SFR. Each unit offers in-unit washer & dryer and private yards. Offered at $1,245,000 ($415,000 per unit; $670.80 per SF), the asset provides investors with immediate in-place income, generating approximately $62,343 of NOI and a 5.01% going-in cap rate, with additional upside to approximately $65,893 of NOI and a 5.3% cap rate at estimated market rents.