130-144 Ivy St - Apartments FOR SALE


San Diego, CA 92101- Bankers Hill
$2,199,999 USD
619-382-3750
130-144 Ivy St, San Diego, CA for Sale
$2,199,999 USD
Apartments - FOR SALE
1/31
null | 3.41% Cap Rate

130-144 Ivy St
San Diego, CA 92101
Bankers Hill


HIGHLIGHTS

  • Optimal Unit Mix: (2) 2-Bed/1-Bath, (2) 1-Bed/1-Bath & Studio
  • Value-Add, approximately 24% Rental Upside
  • Irreplaceable location Bankers Hill
  • Walkers Paradise, Walk Score 95
  • Ample Parking, 6 off Street spaces & 2 Car Garages
  • Minutes away from San Diego Downtown, Little Italy, Waterfront Harbor, and Balboa Park Attractions

OVERVIEW

Matthews Real Estate Investment Services™ is pleased to exclusively present the sale of 130 Ivy St. This is a 5-Unit property with (2) 2-bedrooms/1-bathroom units, (2) 1-bedroom/1-bathroom units, & one studio, in the Heart of Bankers Hill. This property is located in one of the most premier neighborhoods in San Diego. A walker’s paradise & Walk Score (95), this property provides all the convenience to Downtown & Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. This is a flexible investment opportunity to either continue to operate as long-term rentals with upside captured by turning over units and increasing rents to market (approximately 24% rental upside) or transitioning the investment to operate as short term rentals Ample Parking, with 6 off street spaces and 2 car garages. With significant improvements being made to Bankers Hill, the location is irreplaceable. It is a huge opportunity to have a long-term appreciation investment, while updating the original character of the building.

FOR SALE DETAILS

PRICE

$2,199,999 USD

PRICE/SF

$518 USD /SF

# OF UNITS

5

PRICE/UNIT

$440,000

CAP RATE

3.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

130 IVY ST APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R3

APN/PARCEL ID

533-185-06

ASK ABOUT THIS PROPERTY

Michael KasserMatthews Real Estate Investment ServicesMore Info
619-382-3750

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Michael KasserMatthews Real Estate Investment ServicesMore Info
619-382-3750

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