3322-28 Nile St, North Park, CA 92104

Property Description

BRAND NEW CONSTRUCTION with two units rented at MARKET RENTS and two units vacant perfect for an owner-occupant or investor. Exceptional 4-unit opportunity in the heart of North Park, one of San Diego’s most vibrant and walkable neighborhoods. Just steps from some of the city’s best restaurants, coffee shops, and nightlife this location offers an unbeatable lifestyle for owner-occupants and enduring appeal for tenants. The front building features two updated 1BD/1BA units, thoughtfully updated with modern kitchens and bathrooms while preserving the charm of original hardwood floors. Tucked behind, is a BRAND NEW CONSTRUCTED (2025) three-story building showcasing two brand-new units. The lower level offers a sleek, modern 1BD/1BA, while the upper floors unveil a sun-drenched, two-story 2BD/1BA with a bonus loft and sweeping views of North Park—truly the crown jewel of the property. Residents enjoy modern comforts including in-unit laundry, A/C, a shared outdoor common area, and the benefit of owned solar for energy savings. Positioned in a high-demand rental pocket of Altadena within North Park, this property presents a rare blend of turnkey condition and long-term upside. With two brand-new construction units, new roofs, new individual electric and gas meters, and new ABS sewer lines this property offers low-maintenance ownership and strong, consistent rental demand. Whether you’re a 1031 investor seeking stable cash flow and appreciation or an owner-occupant looking to offset your mortgage while enjoying a walkable urban lifestyle, this property delivers on all fronts.