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$ 5,350,000
Est. payment | /mo
7,130 Sqft Lot
$ 5,350,000
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
- 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 (~20.6%) across the board - 6.5% 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 $297,000 is a ~28% discount to comparable sales Encouraging all offers.
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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