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  • 4341 Texas Street

4341 Texas Street, San Diego, CA 92104

$3,450,000 Approx. USD 0 beds, 0 baths

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Listing Agent


Maxwell Brown | mbrown@caacre.com
Lic#: 02127395
Broker: Courtesy of Commercial Asset Advisors
Phone: 925-872-6746

Agent Remarks

New pricing for a quick sale! 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. 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. The asset currently generates $272,012 annual GSI and $182,696 NOI, yielding a 5.30% in-place cap rate. There is approximately 10% income upside remaining with select units, the implementation of a utility billback program, and separated billing one of the double car garages. The asset is forecasted to produce $290,340 GSI and a 5.79% market cap rate at full market operations, with minimal to no additional capital investment required to achieve that additional income.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PTP2606618
List price is $3,450,000 Reduced by $125,000 on 9/30/2026
Price: $3,450,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1987
0.16 acres
Lot size: 0.1608
County: San Diego
Zoning: RM
Lot description: ThirtySixToFortyUnitsAcre
MLS area: 92104 - North Park

Last Updated: 9/30/2026

 Days On Market (DOM): 43

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This listing belongs to the 92104 - North Park MLS area

Lat/Long: 32.756251, -117.138475.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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