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4341 Texas Street

San Diego, CA 92104
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Bed 4

Bed

Bath 3

Bath

SqFt7,003

Sqft(Lot)

The highest return turnkey Northpark multifamily deal on the market AND it has excessive parking AND highly desirable 1987 construction! 4341 Texas Street, San Diego offers a fully renovated, 1987 construction, 9-unit multifamily asset with an excessive 14 off-street parking spaces, immediate cash flow and remaining rental upside. 100% of units have been renovated. The property is ideally situated in the center of Northpark, one of San Diego’s strongest and fondest rental markets. The property consists of an ideal and diverse unit mix of (6) 1 Bed / 1 Bath and (3) 3 Bed / 2 Bath units. All 3-Bedroom units possess in-unit laundry and AC. Onsite laundry is provided for the 1-bedroom units. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Subm arket. 4341 Texas will outperform competing rentals by providing over a 1:1 off-street parking ratio plus an additional 4 garage spaces yielding 14 total parking spaces for 9 units, which is just shy of 1 parking space per bedroom, an extremely rare commodity in the dense Northpark submarket. The property features full ABS plumbing, individual unit water heaters for reduced SDGE usage,Challenger brand electrical panels with Romex wiring (400 amp/220V main service), and a pitched shingle roof. Ownership will benefit from the highly desirable infrastructure systems of a 1987 construction asset while maintaining the operational simplicity of a low-density asset, 2 story walk up building. The asset currently generates $272,612,412 annual GSI and $181,414 NOI, yielding a 5.04% in-place cap rate. There is approximately 11% income upside remaining with select units, the implementation of a utility billback program, and separated billing one of the double car garages. The asset is forecasted to produce $301,380 GSI and a 5.78% market cap rate at full market operations, with no additional capital investment required to achieve that additional income

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,600,000

AD Id : 90901633

MLS Id : PTP2606618

Beds : 4

Lot Size : 7,003 Sqft

Year Built : 1987

Garage : 4

County : San Diego

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Feature Features

  • Building Information

    Year Built: 1987
    Building Area Total: 5392
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7003 Lot Size Acres: 0.1608 Lot Size Source: PublicRecords Lot Size Square Feet: 7,003 Lot Description: ThirtySixToFortyUnitsAcre

  • Listing Price Information

    Listing Price: $3600000
    Conventional

  • Tax Information

    Parcel Number: 4453420700 Tax Lot: 445-342-07

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: GPS
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3710 3712 Louisiana, San Diego, CA, 92104 $1,699,000 5 4 -- 6,450 Sqft
3784 Villa Terrace, San Diego, CA, 92104 $1,895,000 2 2 1,312 --
2911 15 Kalmia St, San Diego, CA, 92104 $2,199,000 5 4 -- 6,966 Sqft
3357 59 30th, San Diego, CA, 92104 $2,350,000 7 4 -- 6,300 Sqft
3308 3310 Gregory St, San Diego, CA, 92104 $1,750,000 4 3 -- 4,595 Sqft
3577 85 Landis St., San Diego, CA, 92104 $895,000 3 2 -- 3,310 Sqft
3622 24 Texas St, San Diego, CA, 92104 $1,298,300 7 3 -- 3,388 Sqft
4265 36th St, San Diego, CA, 92104 $1,250,000 5 3 -- --
4135 39 32nd Street, San Diego, CA, 92104 $1,890,000 6 3 -- --
3760 66 Pershing Ave, San Diego, CA, 92104 $2,575,000 5 5 -- 6,250 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/07/2026 @ 17:10

MLS: PTP2606618 LISTED BY: Maxwell Brown, Commercial Asset Advisors 858-360-3000 SOURCE: CRMLS

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