Compass
Listed by Compass
$1,799,999
N/A
Details
APN 453-754-28-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,200
Units 3
Cap Rate 6.03%
Year Built 1931
Buildings 2
Lot Size (SqFt) 5,394
Multifamily | 6.03% CAP | 3 Units
Marketing description
Well-located, 2/3rd occupied triplex in the heart of North Park, one of San Diego’s most vibrant and high-demand rental markets. 3572–74 Nile Street presents a compelling investment opportunity with immediate income and additional upside potential. The property features three fully upgraded units with functional layouts, ample natural light, with mini-split heating and cooling, and private living spaces that continue to attract and retain tenants. Current occupancy provides stable, in-place cash flow from day one, making this an ideal turnkey investment. Situated on a desirable residential street, the asset offers a blend of neighborhood charm and walkable access to North Park’s renowned dining, coffee shops, and nightlife. With limited inventory in this vibrant submarket and continued rental demand, Nile Street stands out as a strategic acquisition for investors seeking both stability and growth.
Listing Contacts
Compass
Listed by Compass
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