3920 Normal St

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3920 Normal St

San Diego, CA 92103
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

3920 Normal St is situated in the Hillcrest neighborhood of San Diego, a high-density urban area known for its walkability and historic character. The property is positioned near the intersection of University Avenue and Park Boulevard, providing immediate access to the diverse retail, dining, and healthcare services of the Uptown district. The location is approximately one mile from Balboa Park and is served by multiple San Diego MTS bus routes, offering connectivity to Downtown and surrounding employment hubs. Major thoroughfares, including State Route 163 and Interstate 8, are accessible within a short driving distance. The asset is suited for multifamily residential use, catering to a tenant base seeking proximity to urban amenities and major medical centers like UC San Diego Medical Center and Scripps Mercy Hospital. The location typically attracts healthcare professionals, staff from nearby educational institutions, and commuters who prioritize centralized living with high walk scores. The property accommodates various configurations, ranging from single-occupancy studios to multi-bedroom units, aligning with the diverse housing needs of the Hillcrest rental market. Current zoning and neighborhood density support long-term residential occupancy within a stable submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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