3729 Mississippi St

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3729 Mississippi St

San Diego, CA 92104
Asking Price
$2.10M
Cap Rate
3.01%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Six-unit apartment building located in San Diego
  • Priced at two million ninety-five thousand dollars
  • Current capitalization rate of three point zero one percent
  • Situated in the desirable North Park residential area
  • Stabilized multifamily asset for rental income strategies

What's Special

Investors seeking to expand their residential portfolios will find this six-unit multifamily apartment building a functional addition to their holdings in the North Park neighborhood of San Diego. The property presents a stabilized asset opportunity in a dense urban environment known for its high demand for rental housing. Positioned within a central district of California's second-largest city, the building benefits from proximity to the diverse economic drivers and lifestyle amenities that define the local submarket. This area continues to attract a steady demographic of residents who prioritize accessibility to regional employment hubs and transportation corridors. The asset offers a specific profile for those targeting steady income streams in a competitive coastal market. Prospective owners may leverage the existing unit count to achieve operational efficiencies within a historically resilient rental landscape. Given the current density and popularity of the surrounding neighborhood, the property remains well-positioned for long-term hold strategies. This site represents a strategic acquisition for those looking to maintain a foothold in the San Diego residential sector.

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NOI
$80,000
Cap Rate
3.82%
DSCR
0.64
Underwater
Cash-on-Cash
-7.06%
Monthly Payment
$10,364.917
Annual Cash Flow
$-44,379.003

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