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$3,295,000

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 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. 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 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.

4 Beds ⋅ 3 Baths

4341 Texas St, North Park

$1,578,000

Designed for Distinction. Rarely does a home combine the character of classic California architecture with the comfort and amenities of a resort-style community, quite like this beautifully appointed largest San Simeon floor plan. This spacious, detached condominium lives much like a single-family residence, with 4 bedrooms, 3 baths, generous living spaces, and an exceptional indoor-outdoor connection with backyard overlooking a natural habitat area. A guard-gated entrance leads to beautifully landscaped grounds featuring wide lawns, flowering trees, tree-lined walkways & cast-iron lighting. Five resort-style pools, spas, BBQ & picnic areas, cabanas, tennis, half-court basketball, a childrens pool, shaded recreation areas, along with trails & abundant open space. Conveniently located just one block from 1 of the communitys pools, & less than 2 blocks from bike & walking path. Inside, elegant archways, upgraded baseboards, casings & crown molding. The great room features a custom built-in media center, surround sound & whole-house speakers, while the adjoining dining area opens to a well-appointed kitchen with newer appliances, a large island, abundant cabinetry & a walk-in pantry. Double glass doors extend the living space outdoors to a professionally landscaped backyard overlooking a natural habitat area. Updated in 2026, the yard features a putting green, built-in Alfresco barbecue, hardscape & 2 awnings. Main-level bedroom with a queen-size Murphy bed, ceiling fan, plantation shutters & closet organizers. The downstairs bath has been beautifully remodeled with a custom 3 Designed for Distinction. Rarely does a home combine the character of classic California architecture with the comfort and amenities of a resort-style community, quite like this beautifully appointed largest San Simeon floor plan. This spacious, detached condominium lives much like a single-family residence, with 4 bedrooms, 3 baths, generous living spaces, and an exceptional indoor-outdoor connection with backyard overlooking a natural habitat area. A guard-gated entrance leads to beautifully landscaped grounds featuring wide lawns, flowering trees, tree-lined walkways & cast-iron lighting. Five resort-style pools, spas, BBQ & picnic areas, cabanas, tennis, half-court basketball, a childrens pool, shaded recreation areas, along with trails & abundant open space. Conveniently located just one block from 1 of the communitys pools, & less than 2 blocks from bike & walking path. Inside, elegant archways, upgraded baseboards, casings & crown molding. The great room features a custom built-in media center, surround sound & whole-house speakers, while the adjoining dining area opens to a well-appointed kitchen with newer appliances, a large island, abundant cabinetry & a walk-in pantry. Double glass doors extend the living space outdoors to a professionally landscaped backyard overlooking a natural habitat area. Updated in 2026, the yard features a putting green, built-in Alfresco barbecue, hardscape & 2 awnings. Main-level bedroom with a queen-size Murphy bed, ceiling fan, plantation shutters & closet organizers. The downstairs bath has been beautifully remodeled with a custom 3/8-inch glass shower. Upstairs are three additional spacious bedrooms & 2 baths. The primary suite offers a walk-in closet with organizers, plantation shutters & ceiling fan. Its updated bath includes a 3/8-inch glass shower, upgraded vanity & linen storage, plus a separate commode room. Additional features include recessed lighting, a direct-access two-car garage with a utility sink, a whole-house vacuum, a QuietCool whole-house fan & solar installed in 2015. The prepaid solar lease provides electricity through August 2035, with a guaranteed production of more than 6,100 kWh annually. A 3.5-ton Lennox central air-conditioning system was installed in April 2022. The seller also maintains an annual termite inspection, warranty & treatment program, renewed in June 2026 & transferable to the new owner. Award-winning Schools complete the appeal.

4 Beds ⋅ 3 Baths

101 Talmadge, Irvine

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