
The Mendes Company
Listed by The Mendes Company
$2,995,000
3736 Mississippi
Details
APN 453
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,206
Units 6
Cap Rate 4.19%
Buildings 1
Stories 2
Lot Size (SqFt) 7,328
Parking Spaces 6 spaces
Parking Per SqFt 1.43
Multifamily | 4.19% CAP | 6 Units
Marketing description
3736 Mississippi Street is a meticulously maintained 6-unit multifamily asset located in the heart of Prime North Park. Built in 1986 and owner-operated by the same hands-on proprietor since acquisition, this property reflects a level of pride of ownership seldom found in today's marketplace. The owner purchased the asset as his personal residence and approached every capital improvement accordingly — selecting quality materials and long-term solutions over short-term fixes. The result is a turn-key building with a strong unit mix, compelling in-place rents, and an established RUBS program with zero deferred maintenance for a new operator to inherit. The property also features four (4) on-site single-car garages with strong ADU conversion potential, offering a clear path to increasing unit count and revenue while retaining six (6) parking spaces — a meaningful competitive advantage in a neighborhood where off-street parking has become increasingly scarce and valuable.
Listing Contacts

The Mendes Company
Listed by The Mendes Company
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Zoning
RM-1-1 ResidentialMulti FamilyResidential Multiple Unit
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