Fully leased duplex generating $6,705/month ($80,460/yr) in gross rental income in prime North Park. Unit 1: 2BR/1BA | 800 SF | $3,385/mo. Unit 2: 2BR/1BA | 942 SF | $3,320/mo. Both units were renovated in 2023 with updated appliances and refreshed finishes, delivering a well-maintained, move-in ready product that appeals to quality-conscious tenants and owner/users alike. For the investor with a value-add eye, the 2023 renovation sets a solid baseline with real upside remaining, as a high-end finish upgrade has a clear path to premium rents in a neighborhood where renters consistently pay for quality. North Park is San Diego’s most dynamic urban rental submarket, walkable, amenity-rich, and structurally undersupplied, with a WalkScore of 97 and a renter base anchored by young professionals and creatives who drive durable occupancy. This parcel is the essential second piece of a permit-approved 8-story, 70-unit development at 3933-3941 Utah Street. Plans by Ehrlich Yanai Rhee Chaney Architects are complete and entitlements are in place. Both parcels must be acquired together to complete the project. Architectural plans and permits for the 70-unit development are available. Inquire with agent for details and pricing.
- Heating System:
- Forced Air Unit
- Cooling System:
- Central Forced Air
- Fence:
- Other/Remarks
- Utilities:
- Sewer Connected
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Community:
- 18th Unit (18U)
- Zipcode:
- 92104
- Street:
- Utah
- Street Number:
- 3937-3941
- Longitude:
- W118° 52' 4.2''
- Latitude:
- N32° 44' 57.5''
- Directions:
- University to Utah St, head north.
- Mls Area Major:
- Metro Uptown
- Zoning:
- COMMERCIAL
- Office Name:
- Century 21 Affiliated
- Agent Name:
- Ken Schwartz
- Building Size:
- 1742
- Construction Materials:
- Wood
- Levels:
- 1 Story
- Number Of Units Total:
- 2
- On Market Date:
- 2026-06-18
- Stories Total:
- 1
- Virtual Tour:
- https://www.propertypanorama.com/instaview/snd/260008132
- Water Source:
- Meter on Property
- List Agent Mls Id:
- 654675
- List Office Mls Id:
- 992402
- Listing Term:
- Cash,Conventional,FHA,VA
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2026-06-18T15:16:22Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
3937-3941 Utah, San Diego, CA 92104
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 260014756
- Price :
- $1,325,000
- Bedrooms :
- 4
- Bathrooms :
- 2
- Year Built :
- 1939
- Status :
- Active
- Full Bathrooms :
- 2
- Property Sub Type :
- Res Income 2-4 Units
- Roof:
- Composition
