3864 35th Street, North Park, CA 92104
- $4,850,000
- Sold Price
- $4,850,000
- List Price
- $4,995,000
- Closing Date
- Dec 18, 2025
- Status
- CLOSED
- MLS#
- 250035401SD
- Lot Size
- 7,132
- Acres
- 0.16
- Days on Market
- 87
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
Seller Motivated for Year End Close - Bring All Offers! - Rents just increased! 5.56% cap in place. - Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~12.3%) across the board - 7.03% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $277,500 is a ~30% discount to comparable sales
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Additional Information
- Cooling
- Yes
- Exterior Construction
- Frame, Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 18
- Gross Scheduled Income
- $431,220
- Operating Expense
- 136555
Listing courtesy of Listing Agent: Erik Anderson (erik.anderson@nmrk.com) from Listing Office: Newmark of Southern California.
Listing sold by Cody Evans from South Coast Commercial, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.