3983 Iowa St Immeuble residentiel 8 lots 2 430 456 € (303 807 €/Lot) Taux de capitalisation 4,40 % San Diego, CA 92104

CBRE is pleased to exclusively present 3983 Iowa Street, an eight-unit apartment building located in the heart of the highly desirable North Park neighborhood of San Diego, CA. Built in 1966, this two-story property features a well-balanced unit mix consisting of four 2-bedroom/2-bath units (approximately 950 SF), two 2-bedroom/1-bath units (approximately 900 SF), and two 1-bedroom/1-bath units (approximately 519 SF)—offering a range of spacious layouts to meet diverse renter preferences. The units are in good condition, providing immediate rental income stability along with potential for future value-add improvements.
The gated, non-smoking building includes eight off-street parking spaces, providing added convenience and appeal for tenants. Boasting a Walk Score of 96, the property offers excellent walkability and is ideally positioned for continued rental growth. Investors have the opportunity to enhance value through strategic interior upgrades, modernization of common areas, and improved curb appeal—making this a compelling opportunity to acquire a stabilized asset with significant upside potential in one of San Diego’s most competitive rental markets.
Located just one block from University Avenue and two blocks from 30th Street’s dynamic mix of restaurants, breweries, and coffee shops, the property offers both lifestyle and investment appeal in a premier urban neighborhood.
Located in the heart of the highly desirable North Park neighborhood of San Diego, CA.
North Park boasts a prime location, proximate to downtown San Diego, Hillcrest and Balboa Park, offering residents easy access to a vibrant urban lifestyle and abundant recreational activities. Additionally, North Park’s strong rental market, fueled by its proximity to major employers, universities, and healthcare
facilities, ensures consistent demand for housing, making it a reliable investment option. Moreover, the neighborhood’s diverse community and thriving cultural scene contribute to its appeal, attracting a wide range of tenants seeking a dynamic urban experience. Finally, with ongoing revitalization
efforts and planned infrastructure improvements, North Park promises long-term appreciation potential, making it an attractive choice for savvy real estate investors seeking both stability and growth opportunities.