3933 Utah

Fully occupied duplex in the heart of North Park delivering 6,180/month (74,160/yr) in gross rental income. Unit 1: 1BR/1BA 574 SF 2,660/mo. Unit 2: 2BR/1BA 945 SF 3,520/mo. Both units were thoughtfully renovated in 2023 with updated appliances and fresh finishes throughout, move-in ready for an owner/user or a turnkey hold for the investor who wants stable income from day one. For the value-add buyer, the 2023 renovation provides a clean, well-maintained canvas with clear runway to elevate finishes to a premium tier and push rents meaningfully higher in a submarket that consistently rewards quality. North Park boasts a WalkScore of 97, 60 restaurants and bars, 20 craft breweries, and sits within 15 minutes of 450,000 jobs. Tenant demand here is structural and durable. Beyond the income, this parcel is one half of a permit-approved assemblage for an 8-story, 70-unit multifamily development by Ehrlich Yanai Rhee Chaney Architects with entitlement risk already eliminated. Combined with adjacent Parcel B, the 0.26-acre site is shovel-ready. Both parcels must be acquired together to complete the development. Architectural plans and permits for the 70-unit development are available for separate purchase. Inquire with agent for details and pricing.