204 W Lewis St - Apartments FOR SALE


San Diego, CA 92103- Hillcrest
$1,995,000 USD
619-244-2450

NO PHOTO

$1,995,000 USD
Apartments - FOR SALE
null | Request Cap Rate

204 W Lewis St
San Diego, CA 92103
Hillcrest


OVERVIEW

Must-see three-unit property located in the highly desirable Hillcrest Complete Communities zone of San Diego! A rare combination of lot size, existing building structures, zoning, and an excellent transit location, which all combine to make this property ideal for almost all multi-unit buyers. Offering significant upside potential, the property is ideally situated within walking distance to shops, restaurants, and cafes, with easy access to downtown and major transportation corridors. The units are well-maintained with room for value-add improvements, making this a prime opportunity for investors seeking to increase rents or reposition the asset, and an incredible option of owner user/occupants where any two of the units extra rent could create a spectacular subsidy to the mortgage payment. With strong rental demand in the area and the potential for long-term appreciation, this property provides an excellent investment.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$1,053 USD /SF

# OF UNITS

3

PRICE/UNIT

$665,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Units on West LEwis

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,312 SF

ZONING

RM-3-9

APN/PARCEL ID

444-482-04

ASK ABOUT THIS PROPERTY

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619-244-2450

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619-244-2450

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