Discover a charming 5-unit bungalow-style apartment complex with exciting value-add and development potential in the heart of North Park, San Diego. Built in 1949, this property includes four 1 Bed/1 Bath units, one 2 Bed/1 Bath unit, and two double-car garages. The garages offer an excellent opportunity to convert into Accessory Dwelling Units (ADUs) for added income. Located just two blocks from Balboa Park and Morley Field and six blocks from 30th Street and University Avenue, the property boasts a Walk Score of 88, providing easy access to premier shopping, dining, and entertainment. Professionally managed and well-maintained, this property is a perfect candidate for renovations to achieve top-of-market rents. Convenient access to the 805 and 8 freeways ensures excellent connectivity while maintaining the neighborhood's relaxed charm. Seize the opportunity to invest in one of San Diego's most desirable neighborhoods with historic charm and long-term growth potential.