3807 Arnold Avenue, San Diego, CA 92104

About this property

We are pleased to present 3807 Arnold Ave, a 2-unit multi-residential community located in the North Park neighborhood of San Diego, California. Constructed in 1925, the two-story property is situated on 0.05 acres and is comprised of one (1) studio and one (1) two-bedroom/one-bathroom single family residence totaling approximately 1,384 square feet. The subject property is ideally located in the southern end of North Park, today's epicenter of rent growth in San Diego. Additionally, the property is a few blocks away from Morley Field/Balboa Park which offers tennis courts, public pool, baseball ?elds, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on University Avenue and 30th Street. Additionally, the property boasts a Walk Score of 96 points which is considered a “Walker’s Paradise,” meaning that daily errands do not require a car and can be accomplished on foot. Lastly, residents enjoy easy access to Interstate 805 via University Avenue. The subject property provides an investor the rare opportunity to purchase a very well-maintained investment in a high barrier to entry market. The asset is well-positioned for an investor to enjoy the high rate of rental growth that North Park has to offer. Offered free and clear of debt, allowing investors to take advantage of historically low interest rates.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$1,070,000

Sold October 2023 · listed $1,095,000, on market June 2023 · MLS #230013664SD · Source: CRMLS

Listing Agent: Kire Nastevski · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Kire Nastevski · Marcus & Millichap

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