3871-75 37Th StSan Diego, CA 92105

This fully remodeled, 3-unit apartment building in San Diego presents a compelling investment opportunity. Located at 3871-75 37th St, 92105, this property boasts 2,346 square feet on a 5,830 square foot lot and offers a unique configuration of three separate, standalone units, each providing privacy and appeal to residents. Each unit features a modern interior with updated kitchen countertops and brand-new appliances, along with open and airy floor plans. The front unit further benefits from a finished basement and an attic, providing versatile additional space. Four on-site parking spaces cater to residents' needs. Built in 1950 and extensively renovated in 2021, this single-story building offers a blend of classic charm and contemporary updates. The property's current NOI is $23,225, with a pro-forma NOI of $66,032, reflecting a potential for significant return on investment. The asking price is $1,499,000, representing a price per unit of $374,750 and a price per square foot of $638.96. The land value is $257.12 per square foot. Its prime location near North Park and Normal Heights provides convenient access to local amenities and vibrant community life. This turnkey triplex is ideal for both investors seeking strong returns and owner-occupiers looking for a multi-unit property with significant upside potential.