1105-1111 Sutter St - Apartments FOR SALE


San Diego, CA 92103- Midtown San Diego
$2,300,000 USD
415-250-4947
1105-1111 Sutter St, San Diego, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/12
null | 3.68% Cap Rate

1105-1111 Sutter St
San Diego, CA 92103
Midtown San Diego


HIGHLIGHTS

  • Large 2 Bed and Commercial Units; Common Laundry
  • (1) Salon (2) 2Bed/1Bath & (3) 1Bed/1Bath Units
  • Large Rear Patio & Picnic Area, 13,021 Sq Ft Lot
  • Market 6.2% Cap Rate & 11.5 GRM

OVERVIEW

1105-11 Sutter Street is a 6-unit mixed use property located in Mission Hills. The property consists of 2 structures totaling approximately 4,470 square feet situated on a large 13,021 square foot lot connecting to a canyon. There is large, common patio area with picnic tables and a basketball hoop below the structures as well as multiple decks. The unit mix features an approximately 1000 square foot commercial space, two large 900-1000 square foot 2 Bedroom / 1 Bathroom units as well as three 1 Bedroom / 1 Bathroom units. Mission Hills has some of the highest home prices in the city of San Diego with most properties being single family or boutique retail. Mission Hills is located just south of the San Diego River valley and north of downtown San Diego, overlooking Old Town and San Diego Bay. It was subdivided on January 20, 1908 as a smaller portion of what is now referred to as Mission Hills. The City of San Diego describes Mission Hills as being the area north of Horton Avenue, South of Mission Valley, West of Goldfinch Street and Reynard Way, and East of the Old Town community area. Mission Hills is part of the 92103 zip code area. It is part of the Uptown community planning area. The area is primarily residential, with some small shops and restaurants. The area was developed in the early 20th century and most of the houses are still from that era, often carefully preserved and restored. Homes there were also often designed by San Diego’s premier architects. The main business streets are University Ave. and Washington St. Other major streets are Ft. Stockton Dr. and Sunset Blvd. Cross streets are named for birds, in alphabetical order from Albatross to Lark. Mission Hills contains two historic districts recognized by the City of San Diego. DO NOT WALK ON PROPERTY OR DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

3.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

6

APN/PARCEL ID

451-173-07

ASK ABOUT THIS PROPERTY

Benn VogelsangNorthmarqMore Info
415-250-4947

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Benn VogelsangNorthmarqMore Info
415-250-4947

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.