Listed by Coldwell Banker West
$1,089,000
North Park
Details
APN 446-303-12-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 840
Units 2
Cap Rate 8.20%
Year Built 1921
Buildings 2
Stories 1
Zoning CC-3-6
Multifamily | 8.20% CAP | 2 Units
Marketing description
Welcome to the Most Central North Park Property on the Market! If you are looking for a Perfect Primary Residence with an ADU to rent out or Family to Move-In, a 2-Unit Investment Property, or an opportunity for Development on this CC 3-6 Zoned Property, Look no Further! The Short Term Rental Market projection is trending toward $144,000 in 2026. Whether maintained as an income-producing asset or repositioned for higher density use, the numbers already support the investment case with room to grow! North Park: One of San Diego’s Strongest Appreciation Markets! It continues to be one of the most sought-after urban neighborhoods in all of San Diego County. Known for its vibrant culture, award-winning restaurants, breweries, coffee shops, boutiques, and nightlife, this community blends historic charm with modern redevelopment. The walkability here is exceptional—residents can step outside and access retail, dining, parks, entertainment, and public transit within steps! This lifestyle-driven demand continues to fuel strong appreciation trends, low vacancy rates, and high rental desirability. For an owner/user, this means operating in one of the city’s most energetic business corridors. For an investor, this means stable cash flow in a supply-constrained, high-demand market. Development & Value-Add Potential. 2926 Polk Ave is more than an income-producing property—it’s a strategic foothold in one of San Diego’s most vibrant and appreciating neighborhoods. Investing or Living - This is your Opportunity!!
Listing Contacts
Listed by Coldwell Banker West
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