29
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$2,775,000
$3,050,000 9.0%
Est. payment /mo
Sold on 12/01/2025
4035 Mississippi St San Diego, CA 92104
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Key Details
Sold Price $2,775,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250032649SD
Sold Date 12/01/25
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
4035 Mississippi Street is a well-maintained 9-unit apartment complex in the heart of North Park, one of San Diego's most vibrant and desirable neighborhoods. The property features a diverse unit mix of three (2 bed / 1 bath) units and six (1 bed / 1 bath) units, appealing to a broad tenant base that remains in consistently high demand. This asset offers a compelling value-add opportunity—investors can unlock significant upside by completing targeted interior upgrades to bring rents up to market levels. The property has benefited from steady preventative maintenance, allowing for renovations without the burden of major deferred maintenance. Situated on a 6,998 SF lot, the building was constructed in 1965 and comprises 5,383 SF of rentable space. Residents enjoy 9 on-site parking spaces with both front and alley access, as well as a shared coin-operated laundry room that generates additional income and enhances operational efficiency. Centrally located near the I-15, I-8, and I-805 freeways, the property provides tenants with excellent connectivity to employment centers across San Diego. It is also ideally positioned near Balboa Park, the Lafayette Hotel, Downtown San Diego, and the San Diego International Airport—further supporting strong tenant demand and future rent growth.
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Fireplace No
Others
Tax ID 4455711000
Financing Cash to New Loan
Listed by Dylan Ackley LANDMARK MULTIFAMILY AND DEVEL
Bought with Ben Sierpina Conor Brennan, Broker
Bought with Ben Sierpina Conor Brennan, Broker
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