4275 36th Street

Description

Prime North Park Value-Add Duplex! This is an income property features two units on a 3,126 sq ft lot in one of San Diego’s most sought-after rental markets. Unit mix consists of a 2BD/1BA and a 1BD/1BA, currently generating approximately $5,000/month in combined rental income. Both tenants are on month-to-month agreements, providing flexibility for an investor seeking repositioning, rental increases, renovation upside, or potential redevelopment. Ideal opportunity for value-add investors, owner-occupants looking to offset their mortgage, or 1031 exchange buyers seeking strong rental demand in a prime urban location. The R-3 zoning offers long-term development potential while the existing structure provides immediate income. Centrally located near North Park’s vibrant restaurants, shops, parks, and major freeway access. High-demand rental corridor with long-term appreciation potential.