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$1,350,000

3937-3941 Utah

San Diego, CA 92104

Active

1939

Year Built

San Diego

County

ResidentialIncome

Property Type

About this home

Fully leased duplex generating $6,705/month ($80,460/yr) in gross rental income in prime North Park. Unit 1: 2BR/1BA | 800 SF | $3,385/mo. Unit 2: 2BR/1BA | 942 SF | $3,320/mo. Both units were renovated in 2023 with updated appliances and refreshed finishes, delivering a well-maintained, move-in ready product that appeals to quality-conscious tenants and owner/users alike. For the investor with a value-add eye, the 2023 renovation sets a solid baseline with real upside remaining, as a high-end finish upgrade has a clear path to premium rents in a neighborhood where renters consistently pay for quality. North Park is San Diego's most dynamic urban rental submarket, walkable, amenity-rich, and structurally undersupplied, with a WalkScore of 97 and a renter base anchored by young professionals and creatives who drive durable occupancy. This parcel is the essential second piece of a permit-approved 8-story, 70-unit development at 3933-3941 Utah Street. Plans by Ehrlich Yanai Rhee Chaney Architects are complete and entitlements are in place. Both parcels must be acquired together to complete the project. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing.

Listed by Ken Schwartz · DRE #01854235 · Century 21 Affiliated

MLS #1156945574

ListedApr 7, 2026

Property Details

Architecture

Stories1

StyleN/A

Total Units2

RoofComposition

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingCentral Air

HeatingForced Air, Natural Gas

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.13 ac

Lot FeaturesN/A

ViewN/A

DirectionsUniversity to Utah St, head north. Cross Street: University

Community

Area92104 - North Park

School DistrictN/A

Tax & Financial

TermsCash, Conventional, FHA, Va Loan

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$7,185/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 4:00 PM

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