3937 3941 Utah, San Diego, CA 92104

Property Description

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.

Listing Status:

Active

Date Added:

April 7, 2026

Data Last Updated:

April 14, 2026 at 7:19PM

Listing Office:

Century 21 Affiliated : 619-471-2000

Listing Agent:

Ken Schwartz : 858-500-2195

MLS ID:

260008132SD

Interior

• Appliances: Gas Water Heater
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• Parking: Parking spaces: 0

Construction

• Roofing: Composition
• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_SAND
• County: San Diego

Lot

• Zoning: COMMERCIAL4464111100

Financial

• Source: CRMLS_SAND