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$19,000,000
Est. payment /mo
UPDATED:
12/24/2024 05:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240017868
Property Description
Price Reduced by $500,0000. Seller is willing to entertain offers. VERY ATTRACTIVE ASSUMABLE FINANCING (@2.5% fixed for 35 Years) AVAILABLE!! See below for details on the loan. Here is your chance to buy one of the nicest apartment buildings in Hillcrest/North Park (92103) zip code. Built in 2019 up to condo specs this property should prove to be a fantastic investment for someone looking for a passive, low maintenance apartment building located in one of San Diego's most desirable rental markets. Walk to everything! Average units are over 800 Square Feet with condo quality finishes including high end flooring, counters, cabinets, appliances & lighting. 28 Parking spaces including 21 under ground garage with security gate. The current HUD loan at $8,092,000 can be assumed. The rate is 2.5% Fixed for 35 years (2057). Take advantage of just about the lowest interest rate offered a few years ago and continue to pay down principal while maintaining what is sure to be solid rental growth.
Location
State CA
County San Diego
Area Mission Hills (92103)
Interior
Heating Central Forced Air Elec
Cooling Central Forced Air Elec
Flooring Hardwood, Marble
Laundry Owned
Exterior
Exterior Feature All Auto Sprinklers, Cable Available, Metal Fence, Part Landscaped, Solar Owned
Parking Features Carports, Garages
Roof Type Composition
Total Parking Spaces 28
Building
Story 4
Others
Acceptable Financing Assumable 1st
Space Rent $863,400
Listing Terms Assumable 1st
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Listed by Thomas McCartin • Marcus & Millichap
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908