4156-4162 Swift Ave, San Diego, CA 92104
Available at $2,150,000
Main
THE OFFERING
4 units with a studio and 4 deep garages.
Off-market opportunity to acquire a 4-unit property with an additional (permits NA) 5th unit—qualifying buyers for 2–4 unit VA or conventional financing while benefiting from the income of five rentals. The property features four garages with ADU potential, offering strong upside for investors seeking value-add potential. The seller is exploring a 1031 exchange and prefers an off-market transaction as two units and two garages have recently become vacant, creating flexibility for a new owner to re-tenant or expand. Recent improvements include fresh exterior paint, trimmed palm trees, and completed SB 721 balcony inspections and repairs, positioning this as a turnkey opportunity with immediate income and future development potential.
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HIGHLIGHTS
Features & Investment Highlights
Key Investment Strengths
- Expertly designed 3 bd/1ba SFR with fenced, 0 maintenance yard
- 4 Deep 1.5 car length garages
- Great mix (3bd/1ba SFR, Three 2bd/1ba, 1 studio (permits NA)
Priced at $2,400,000, the property sits on a 7,013 SF lot with 3,212 SF rentable area, offering both stability and upside. Current income of $12,473/month ($149,676 annually) equates to a 16.03 GRM and 4.55% CAP rate, with a market potential of 14.60 GRM and 5.17% CAP.
Location
4156–4162 Swift Ave, San Diego, CA 92104 sits in the heart of San Diego’s North Park area, one of the city’s most established and culturally active neighborhoods. This location benefits from a strong blend of residential stability and urban energy, surrounded by local cafes, dining, retail, and community amenities that make North Park highly desirable for long-term residents. The area has a proven track record of demand driven by its walkability, neighborhood character, and proximity to key lifestyle destinations
Lifestyle
Swift Ave is in the lively North Park neighborhood of San Diego, known for its walkable, eclectic lifestyle filled with local shops, diverse restaurants, and a vibrant craft beer and café scene right around your doorstep. The area pulses with creativity and community energy, with frequent events like the North Park Farmers Market, art galleries, and live music venues contributing to a
culturally rich vibe that’s both social and neighborhood friendly
Employment
North Park’s economy supports a varied local job market, with numerous openings in retail, hospitality, food service, and small business sectors right in the neighborhood — from baristas and restaurant staff to auto service and administrative roles — reflecting the area’s vibrant street-level commercial life.
Let’s Sell Your Property the Right Way.
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Address: 7946 Ivanhoe Ave Suite 300B, La Jolla CA 92037