Properties

San Diego, CA 92104 3937 Utah

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Presented By: Ken Schwartz with Century 21 Affiliated;
  • MLS# 260008132SD
  • 04/07/2026
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Home Details

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.
Presented By: Ken Schwartz with Century 21 Affiliated;

Interior Features for 3937 Utah

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories1

General for 3937 Utah

AppliancesGas Water Heater
Cap Rate4.09
CitySan Diego
CoolingCentral Air
CountySan Diego
DirectionsUniversity to Utah St, head north. CrossStreet: University
HOA Fee$
HeatingForced Air, Natural Gas
LevelsOne
Listing TermsCash, Conventional, FHA, VA Loan
Lot Size Square Feet5602
Lot Size UnitsSquare Feet
MLS Area92104 - North Park
Net Operating Income55217
Number Of Units Total2
PostalCitySAN DIEGO
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories Count1
Tenant PaysSee Remarks
Year Built1939
ZoningCOMMERCIAL

Exterior for 3937 Utah

Lot Size Acres0.1286
Lot Size Area5602
Lot Size SourceAssessor
Number of Buildings2
Park NameNorth Park
SpaNo
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,350,000
MLS#260008132SD
List Date 04/07/2026
Property Type Multi-Family
Phone 888.795.6274
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