3928 Alabama Street is a solid 12 unit building in North Park near University Heights, Hillcrest and Morley Field with individual APNs for eight of the units. The approximately 6,714 square foot three-story structure was built in 1970 and is situated on a 7,118 square foot lot. The strong unit mix features six 2 Bed / 1.5 Bath units and two 1 Bed / 1 Bath units with dishwashers as well as a two 1 Bedroom and two Studio ADUs. The property features ample parking and remodeled units with additional upside in the rents.
DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.
North Park is one of the most desirable rental markets in all of San Diego County. Geographically, the property is situated to the northeast of Balboa Park, bounded on the north by the canyons overlooking Mission Valley, on the south by Switzer Canyon and the Grant Hill neighborhood, on the east by and City Heights, and on the west by Florida Canyon and Balboa Park.
Like other urban San Diego communities, North Park has a high rate of pedestrian activity, relative to other regions of San Diego County. North Park is one of the most diverse communities in San Diego. Businesses and residential neighborhoods alike reflect this diversity. There have been many redevelopment projects by the city of San Diego in North Park and an improvement of the tenant-base over the last decade.
Buyer to verify square footage.