Property Detail

4035 Mississippi St

San Diego CA 92104

$3,200,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Dylan Ackley of Keller Williams Realty. Last updated 2025-07-08 08:44:14.000000. Listing information © 2025 CRMLS.

John Collins

John Collins

DRE# 01948188
Inquire Now

I agree to be contacted by Collins Coastal and Coldwell Banker Realty via text. To opt out, you can reply "STOP" at any time or click the unsubscribe link in the emails. Message and data rates may apply. Message frequency varies. Privacy policy and Terms of Service

admin Real estate https://www.royacdn.com/unsafe/smart/Site-293dd465-f306-4334-ba57-871e6c0ec29d/Homepage_AboutJCPhoto.png realtor https://g.page/r/CayICkO-JykjEBM/review # # https://www.royacdn.com/unsafe/smart/Site-293dd465-f306-4334-ba57-871e6c0ec29d/Homepage_AboutJCPhoto.png