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Key Details
Sold Price $1,495,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision University Heights
MLS Listing ID DW22243191
Sold Date 06/21/23
Bedrooms 2
HOA Y/N No
Lot Size 4,500 Sqft
Lot Dimensions 1998
Property Description
A rare opportunity to own a 5-unit remodeled/upgraded apartment community in San Diego. Great Value-Add Multi-Family opportunity for investors in San Diego's coveted 92116 zip code. The area is nicknamed Normal Heights which is best known for vintage shops, bookstores, bars, and international eateries. This opportunity has a strong current cash flow and also has a fantastic rental income upside that the new owner can take advantage of. The property consists of 5 units situated on a 4,500 sq lot. The property is near Interstate 805 and Interstate 15 which makes traveling around the city accessible and is six miles from the bustling San Diego Downtown encompasses the historic Gaslamp Quarter where there are many restaurants, bars, and sites. Petco Park where they hold many concerts, the Padres baseball games, and other events.
A rare opportunity to own a 5-unit remodeled/upgraded apartment community in San Diego. Great Value-Add Multi-Family opportunity for investors in San Diego's coveted 92116 zip code. The area is nicknamed Normal Heights which is best known for vintage shops, bookstores, bars, and international eateries. This opportunity has a strong current cash flow and also has a fantastic rental income upside that the new owner can take advantage of. The property consists of 5 units situated on a 4,500 sq lot. The property is near Interstate 805 and Interstate 15 which makes traveling around the city accessible and is six miles from the bustling San Diego Downtown encompasses the historic Gaslamp Quarter where there are many restaurants, bars, and sites. Petco Park where they hold many concerts, the Padres baseball games, and other events.
Location
State CA
County San Diego
Community University Heights
Area Normal Heights (92116)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $3
Acceptable Financing Cash, Exchange
Space Rent $1,850
Listing Terms Cash, Exchange
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Bought with Jamila M Higgs • HomeSmart Realty West
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908