3736 Mississippi Street

3736 Mississippi Street

D

San Diego, CA 92104

$3,199,999

Beds

Baths

Sqft

4,206

Year Built

1986

Days on Market

20

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

26664941

View on MLS

Description

Presenting an exceptional investment opportunity in the highly desirable North Park neighborhood of San Diego. This fully occupied, well-maintained 4,710-square-foot, six-unit multifamily property features a diverse unit mix consisting of two 1-bedroom, 1-bath units, three 2-bedroom, 1-bath units, and one 3-bedroom, 2-bathunit. The property also includes four single car garages, six uncovered parking spaces, and additional off-street parking, an uncommon amenity in this neighborhood. Ideallysituated just three blocks from Morley Field and Balboa Park, residents enjoy convenient access to a wide array of recreational amenities including tennis courts, a dogpark, and expansive athletic facilities, all within easy walking distance. Recent improvements include upgraded kitchens and refreshed landscaping, helping reducemaintenance demands while supporting strong long term returns. The spacious, thoughtfully designed units are in excellent condition, attracting quality tenants and offeringconsistent rental income potential. Positioned in the heart of North Park, one of San Diego's most vibrant and trendsetting communities, the property benefits from its closeproximity to popular dining, shopping, and entertainment destinations. Residents are near well known local favorites such as The Smoking Goat, Urban Solace, and TributePizza, along with entertainment venues like Observatory North Park. North Park's thriving business community and diverse cultural offerings further enhance its appeal,making it an ideal location for investors seeking long term growth and steady cash flow. With its central location, strong tenant demand, and potential for appreciation, this property represents a valuable addition to any multifamily real estate portfolio. Don't miss the opportunity to invest in one of San Diego's most dynamic and in demandneighborhoods where a unique blend of art, culture, and commerce continues to drive sustained growth.

Mortgage Calculator

Est. Monthly Payment

$20,314

Principal & Interest$16,181
Property Tax$3,200
Insurance$933
%($640,000)
%

Investment Score

0D
Est. Monthly Rent
$4,751
Monthly Cashflow

Rent − PITIA

$-15,563
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,322

Mortgage (P+I)
$16,181
Cap Rate
-1.18%
Cash-on-Cash
-36.23%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.23
Break-even Rent
$29,845

NOI (Annual)
$-37,697
Price-to-Rent

Lower = better for investors

56.1

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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