3862 Swift Ave, San Diego, CA 92104
Commercial property
Sold August 2025
Listing Agent: Jason Lee (DRE #02068011) · Listing Office: Nara Advisors, Inc. · Contact: 858-336-9688 · Bought with: Adam Cairo · Starker West, Inc. · MLS #250025254SD · Source: CRMLS
About this commercial property
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.
Listing description from the August 2025 sale, as reported to CRMLS.
Sale history