3864 35th St, North Park, CA 92104
- $4,850,000
- 3
- BD
- 3
- BA
- 10,410
- SqFt
- Sold Price
- $4,850,000
- List Price
- $4,995,000
- Closing Date
- Dec 18, 2025
- Days on Market
- 135
- Status
- CLOSED
- MLS#
- 250035401
- Bedrooms
- 3
- Bathrooms
- 3
- Living Sq. Ft
- 10,410
- Lot Size(apprx.)
- 7,132
- City
- North Park
- Property Type
- Multifamily
Property Description
Seller Motivated for Year End Close - Bring All Offers! - Rents just increased! 5.56% cap in place. - Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~12.3%) across the board - 7.03% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $277,500 is a ~30% discount to comparable sales
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Additional Information
- Living Area
- 10,410
- Lot Size
- 7,132
- Stories
- 3
- Parking Spaces
- 11
Mortgage Calculator
Listing courtesy of Listing Agent: Erik M Anderson (858-395-6935) from Listing Office: Newmark of Southern California.
Selling Office: South Coast Commercial, Inc..
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