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In-PersonVirtual Tour
$ 4,995,000
Est. payment | /mo
7,130 Sqft Lot
$ 4,995,000
Est. payment | /mo
7,130 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250035401SD
HOA Y/N No
Lot Size 7,130 Sqft
Property Sub-Type Mixed Use
Property Description
Seller Motivated for Year End Close - Bring All Offers! - Rents just increased! 5.56% cap in place. - Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~12.3%) across the board - 7.03% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $277,500 is a ~30% discount to comparable sales
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Fireplace No
Exterior
Total Parking Spaces 11
Others
Tax ID 44745227
Virtual Tour https://www.propertypanorama.com/instaview/snd/250035401
Listed by Erik Anderson Newmark of Southern California
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Carlos Echegaray
Broker | Lic# DRE 02006401