$1,875,000

Estimated payment $11,068/month

Total Views 6,526
3 Beds
2 Baths
2,584 Sq Ft
$726 Price per Sq Ft

About This Home

3970 Florida Street presents a rare opportunity to acquire a well-located multifamily asset in the heart of North Park, one of San Diego’s most supply-constrained and highly sought-after rental submarkets. The property benefits from strong in-place income with upside through continued rental growth and operational efficiencies. Situated on a prime urban infill lot, the property offers walkable access to dining, retail, nightlife, and major employment corridors, driving consistent tenant demand and long-term stability. 3970 Florida Street is ideally suited for investors seeking a core-plus multifamily asset in a premier San Diego location with long-term appreciation potential and optionality for future value enhancement.

Listing Agent

Aaron Marcusmillichap

Colliers International License #01318320 Listed on: 01/13/2026

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,490 Sq Ft Lot

Parking

  • 7 Parking Spaces

Home Design

Interior Spaces

  • 3 Bedrooms
  • 2,584 Sq Ft Home
  • 2-Story Property

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • Operating Expense $43,642

Property Details

Home Type

Multi-Family

Lot Details

7,490 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.65
  • Co List Office Mls Id: 61366
  • Living Area: 2584.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-01-16T23:24:08Z
  • FullAddress: 3970 Florida Street
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Garage/Parking

  • Total Parking Spaces: 7.0

Lot Info

  • Zoning: RM-3-9
  • Lot Size Sq Ft: 7490.0

Multi Family

  • Number Of Buildings: 3
  • Number Of Units Total: 5
  • Annual Operating Expense: 43642.0

Map

Range of Values:

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Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,829 $1,052,487 $796,478 $256,009
2024 $12,829 $1,031,851 $780,861 $250,990
2023 $12,542 $1,011,619 $765,550 $246,069
2022 $12,204 $991,785 $750,540 $241,245
2021 $12,116 $972,339 $735,824 $236,515
2020 $11,968 $962,370 $728,280 $234,090
2019 $11,755 $943,500 $714,000 $229,500
2018 $10,992 $925,000 $700,000 $225,000
2017 $5,235 $437,008 $238,369 $198,639
2016 $5,149 $428,441 $233,696 $194,745
2015 $5,072 $422,006 $230,186 $191,820
2014 $4,994 $413,740 $225,677 $188,063
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2026 01/13/26 For Sale $1,875,000 -- $726 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 2600957

San Diego MLS

APN: 445-671-30-00

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