215 Willie James Jones Ave - Apartments FOR SALE


San Diego, CA 92102
$2,250,000 USD
619-573-0289
215 Willie James Jones Ave, San Diego, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/63
null | 5% Cap Rate

215 Willie James Jones Ave
San Diego, CA 92102


HIGHLIGHTS

  • Buildable lot: possibility to add 18 units now! Plans have been pre-approved by the city!
  • 100% occupancy, really good cash flow with possibility to increase rents!
  • 3 4-bedroom units and one 2 bedroom: rare multi-unit mix. Units have been remodeled completely in 2021

OVERVIEW

Unique Investment Opportunity! 3 4-bedroom brand new units built in 2021 with new plumbing, electrical, roofing, etc and a 2-bedroom existing unit completely remodeled fully rented with a great cap rate and the potential to increase all rents. This is an investor's dream: seller had submitted plans for 18 additional units on this lot. Plans are already in review. Buyer can cash flow while building the additional units! Schematic plans attached here. Full plans available upon request.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

4

PRICE/UNIT

$562,500

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R-3

APN/PARCEL ID

548-142-03-00

ASK ABOUT THIS PROPERTY

Amar HarragAllied Green Realty IncMore Info
619-573-0289

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Amar HarragAllied Green Realty IncMore Info
619-573-0289

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