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$2,400,000
Est. payment /mo
6,962 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Back on Market
Purchase Type For Sale
MLS Listing ID 250024907
Lot Size 6,962 Sqft
Property Sub-Type Apartment
Property Description
Situated in the hour glass of North Park, this well-maintained 7-unit apartment property offers a rare investment opportunity with immediate upside. With two vacant units and all tenants on month-to-month leases, new ownership can capitalize on strong existing financials while increasing rents to market rate. The 7,000 SF lot and favorable zoning present potential for ADU development (buyer to verify). The property features 11 bedrooms, 8 bathrooms, off-street parking, and is located just minutes from some of San Diego's best dining, shopping, and nightlife. A turn-key asset with day-one value-add potential in one of San Diego's most desirable rental markets.
Location
State CA
County San Diego
Area North Park (92104)
Zoning RM1-2
Interior
Heating Wall
Cooling Wall/Window
Flooring Vinyl
Laundry Owned
Exterior
Exterior Feature Cable Available, Metal Fence
Parking Features Garages, Spaces
Total Parking Spaces 10
Building
Story 2
Others
Space Rent $186,363
Virtual Tour https://www.propertypanorama.com/instaview/snd/250024907
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Listed by Said Abdallah • Compass
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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