Property Description
North Park Craftsman TURNKEY TRIPLEX with restored historic 1912 3/2 Craftsman main residence, plus two 1 BR apts, 5 BR 4 BA TTL, 2661 total SF, total pro forma estimated at $112,800 gross scheduled income with three separate meters and eight total parking spaces, major system upgrades, and rare 6-space plus two-car garage...historic architecture with extensive infrastructure upgrades and owner-quality improvements and rare botanicals rarely seen in residential income properties. Unit Mix 4222 Swift , 3BD / 2BA , approx. 1,554 SF: The largest unit offers a potential owner-occupant opportunity. Showcases refinished original hardwood floors, restored Craftsman doors with antique hardware, stained-glass windows, artisan blown-glass lighting, and Solatube daylight systems. The remodeled kitchen features quartzite stone countertops, custom cabinetry, a Kohler porcelain farmhouse sink with antique bronze fixtures, a KitchenAid counter-depth refrigerator, a Whirlpool premium 5-burner gas range with a ceiling-vented hood, and a Miele professional stainless dishwasher. , 1BD / 1BA , approx. 504 SF updated unit with stainless range and refrigerator (2021), Solatube daylight system, epoxy-refinished bath with updated fixtures and plank flooring. Separately metered with gated alley access. , 1BD / 1BA , approx. 605 SF updated 2024–2025 with new outlets and switches, Hunter ceiling fan with remote, updated kitchen and bath fixtures, professional interior paint, and redwood deck bench. Leased through October 2026. Separately metered with gated alley access. The shared laundry room includes an LG front-load washer and dryer with pedestal stands, a stainless utility sink, cabinetry, and LED lighting. Major Capital Improvements: Full PEX plumbing replacement (2023), Navien tankless water heater (2023), whole-house water filtration system (2024), roof replacement (2020), crawl-space French drains and sump pump, foundation inspection and reinforcement, electrical upgrades, new gas lines, ductwork and attic insulation, Nest thermostat, smart garage door system, underground gutter drainage, and exterior paint and stucco repair. Outdoor living centers around a private courtyard with a custom flagstone patio, water feature, and professional landscape lighting. The property is surrounded by a curated collection of more than 23 mature specimen palms and cycads, creating a botanical garden setting rarely found in residential income properties. Investment Highlights • $112,800 Gross Scheduled Income • Approx. 4.0% Cap Rate (buyer to verify) • 3 Separately Metered Units • 8 Parking Spaces (2-car garage, 4 driveway, 2 alley) • Shared Laundry Facility • $250,000+ Documented Improvements • No HOA • North Park Transit Priority Area Buyer to verify all information, including square footage, income, expenses, permits, and zoning, prior to close of escrow.
Property Details
