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$ 1,995,000
Est. payment | /mo
$ 1,995,000
Est. payment | /mo
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 260017219SD
HOA Y/N No
Year Built 1987
Property Description
Landis Canyon Apartments is a 4-unit, canyon-facing property built in 1987, consisting of four large 3BR/2BA units situated on a 0.21-acre flat lot in the highly desirable 92104 zip code. The asset offers stabilized market rents with current income of approximately $11,400/month, along with architectural plans in place to add two additional units (2BR/2BA + 3BR/3BA), projected to generate an additional ~$7,000/month. The property is centrally located between the 805 and 15 freeways, within close proximity to North Park, South Park, and Normal Heights. Tenants benefit from walkable access to retail, dining, and entertainment, while the large unit sizes appeal to both families—due to nearby schools and conveniences—and young professionals seeking an urban lifestyle
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name Cherokee Point
Interior
Cooling Zoned
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4476412900
Acceptable Financing Conventional
Listing Terms Conventional

Listed by Thomas McCartin Marcus & Millichap #01427348
NEARBY SCHOOL & BUSINESS

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