REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Maxwell Brown, DRE #02127395 • Commercial Asset Advisors
$ 3,295,000
Est. payment /mo
Price Dropped by $155K
4341 Texas ST San Diego, CA 92104
7,003 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2606618
Year Built 1987
Lot Size 7,003 Sqft
Source California Regional MLS
Property Description
Price Reduced for a quick sale at a 5.6% cap rate in place! 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 asset currently generates $271,172 annual GSI and $183,817 NOI, yielding a 5.58% in-place cap rate. There is approximately 10% income upside remaining with select units. The asset is forecasted to produce $290,340 GSI and a 6.11% market cap rate at full market operations, with minimal to no additional capital investment required to achieve that additional income. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Submarket. 4341 Texas will outperform competing rentals by providing 10 parking spaces 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
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Laundry In Closet, Laundry Area
Exterior
Garage Spaces 4.0
Pool None
Others
Tax ID 4453420700
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations