San Diego, CA 92104 3862-70 Swift Ave
$1,899,000
Pending
38 more
Presented By: Jason J Lee with Nara Advisors, Inc. - 858-336-9688;
- MLS# 250025254
- 04/23/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 13
Baths • 9
SQFT • 4,000
Home Details
Turnkey 5-unit multifamily asset in the high-demand North Park metro area, right at the edge of the Corridor/Cherokee Point neighborhoods. 3862-70 Swift Ave includes three 3BD/2BA units, one 2BD/2BA, and one 2BD/1BA—all fully rehabbed and updated with modern finishes and systems. Zero deferred maintenance and minimal capex projections in the long run make this a highly sought after passive real estate investment. Currently generating $14,784/month in gross rents with a 6.0% cap rate. Pro forma income is $15,975/month, delivering a projected 6.7% cap rate at market rates with consistent rent increases. This fully stabilized investment opportunity offers high upside in a rapidly appreciating submarket. Strong unit mix, updated interiors, and proximity to North Park’s retail, dining, and transit make this an ideal asset for investors seeking solid in-place income with future growth potential. Clean financials, renovated product, and a location that consistently drives tenant demand.
Presented By: Jason J Lee with Nara Advisors, Inc. - 858-336-9688;
Interior Features for 3862-70 Swift Ave
Bedrooms
Total Bedrooms13
Bathrooms
Half Baths0
Total Baths9
Other Interior Features
Air Conditioning Y/NNo
Basement[]
Common Walls[]
Fireplace Features[]
Fireplace Y/NNo
Flooring[]
Heating Y/NNo
Interior Amenities[]
Laundry Features[]
Window Features[]
Other Rooms
Room Type[]
General for 3862-70 Swift Ave
Accessibility[]
Appliances[]
Architectural Style[]
Association Amenities[]
Association Fee Includes[]
Attached Garage No
Body Type[]
Building Area UnitsSqft
Business Type[]
Buyer Financing[]
Cap Rate6.4
CitySan Diego
Community Features[]
Construction Materials[]
Cooling[]
CountySan Diego
Current Use[]
Disclosures[]
Electric[]
FinancialDataSource[]
FreeholdIDX
Green Building Verification Type[]
HOANo
Heating[]
Lease Type[]
Levels[]
Living Area UnitsSqft
Lot Size UnitsAcres
MLS AreaMetro Uptown
ModificationTimestamp2025-07-16T16:09:50Z
New ConstructionNo
Number Of Units Total5
Operating Expense50908.0
Other Structures[]
Patio/Porch Features[]
Pets Allowed[]
Pool Features[]
Possession[]
Possible Use[]
Property Attached Y/NNo
Property Condition[]
Property SubtypeCom-Res Income
Property TypeResidential Income
Rent Includes[]
Roof[]
Security Features[]
Senior Community Y/NNo
Sewer[]
Spa Features[]
Standard StatusPending
StatusPENDING
Stories Count1
Structure Type[]
Tenant Pays[]
Total Actual Rent14784.0
Utilities[]
View[]
Virtual TourClick here
Year Built0
Exterior for 3862-70 Swift Ave
Building Area Total4000.0
Exterior Amenities[]
Fencing[]
Foundation Details[]
Frontage Type[]
Lot Features[]
Lot Size Area0.0
Number of Buildings5
Other Equipment[]
Parking Features[]
Skirt[]
Total Parking10.0
Water Source[]
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate