3862 Swift Ave
Listing provided courtesy of Jason Lee of JLM Real Estate Inc. Last updated 2025-05-15 08:38:53.000000. Listing information © 2024 Client MLS.
Asking Price: $2,100,000
3862 Swift Ave, San Diego CA 92104
Community: 92104 - North Park
This Commercial/Residential property was built in 0 and is priced at $2,100,000. Please see the additional details below.
Turnkey 5-unit multifamily asset in the high-demand North Park metro area, right at the edge of the Corridor/Cherokee Point neighborhoods. 3862-70 Swift Ave includes three 3BD/2BA units, one 2BD/2BA, and one 2BD/1BA—all fully rehabbed and updated with modern finishes and systems. Zero deferred maintenance and minimal capex projections in the long run make this a highly sought after passive real estate investment. Currently generating $14,784/month in gross rents with a 5.0% cap rate. Pro forma income is $15,975/month, delivering a projected 5.6% cap rate at market rates. This fully stabilized investment opportunity offers high upside in a rapidly appreciating submarket. Strong unit mix, updated interiors, and proximity to North Park’s retail, dining, and transit make this an ideal asset for investors seeking solid in-place income with future growth potential. Clean financials, renovated product, and a location that consistently drives tenant demand.
