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$ 2,820,000
Est. payment | /mo
6,250 Sqft Lot
$ 2,820,000
Est. payment | /mo
6,250 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260016954SD
HOA Y/N No
Lot Size 6,250 Sqft
Property Sub-Type Mixed Use
Property Description
Offered at the lowest price per unit in all of 92104, this bread-and-butter apartment property presents a rare value-add opportunity in a strong rental submarket. The property consists of 12 legal units plus an additional non-conforming studio, offering meaningful upside beyond current in-place income. Current actual income reflects only the 12 legal units; income from the studio is not included in these figures. Ownership has initiated the permitting process for the studio and, once complete, pro forma income reflects the studio as a fully permitted 13th unit. With rental upside across the unit mix and an attractive basis relative to the surrounding market, this offering is well suited for investors seeking both stable current income and long-term upside.
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Fireplace No
Exterior
Total Parking Spaces 2
Others
Tax ID 4473202100
Listed by Cody Evans South Coast Commercial, Inc. #01399935
NEARBY SCHOOLS & PROPERTIES
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