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3938-3942 Florida St
San Diego, CA 92104 North Park

$2,550,000 USD

Apartments For Sale  •  3,797 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,797 SF
  • Lot Size 0.22 AC
  • Building Class C
  • Year Built 1940
  • Cap Rate 3.57 %
  • Zoning RM-3-9
56 Transit Score
93 Walk Score

Highlights

Prime North Park Location Bordering Hillcrest
Cottage Style Units with Patios and Yard Space
~27% of Upside in Rents
Rooftop Deck with Stunning Views
ADU Potential Through Garage Conversion and/or Redevelopment of the Oversized Lot. (

Financial Summary (Actual)

Net Operating Income: $90,935 USD (2025)
Cap Rate: 3.57 %
Total Expenses: $55,729 USD

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 8 min - 4.4 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 9 min - 4.5 mi
AirportDriveWalkDistance
San Diego International 9 min - 3.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Caleb Mancini 858-247-2487 Apartment Realty Group (ARG)
Caleb Mancini 858-247-2487 Apartment Realty Group (ARG)