233-239 Hawthorn St - Apartments FOR SALE


San Diego, CA 92101- Bankers Hill
$3,995,000 USD
858-964-8087
233-239 Hawthorn St, San Diego, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/27
null | 4.21% Cap Rate

233-239 Hawthorn St
San Diego, CA 92101
Bankers Hill


HIGHLIGHTS

  • A+ Location in the Affluent Banker's Hill Neighborhood
  • Completely Renovated in 2018 - Exterior and Interiors
  • (2) Adjacent Fourplexes - Flexible Financing - 2 Residential loans or 1 Commercial loan
  • Historic Designation with Potential to Qualify for Mills Act - Significant Property Tax Savings
  • Quieter Home Certification - All New Windows with Soundproofing and Ventilation System
  • Bonus 9th Non-Conforming Unit (Vacant, but rent ready)

OVERVIEW

Newly modified price! DP Properties is pleased to offer for sale the rare opportunity to acquire (2) adjacent fourplexes in the highly desirable neighborhood of Banker’s Hill. Originally built in 1912, these historic apartment buildings were fully renovated in 2018 including new roofs, windows, electrical, and gas lines. The interiors were tastefully renovated with keeping the turn-of-the-century style in this craftsman masterpiece. The units consist of (4) Two Bedroom/One Bath units and (4) One Bedroom/One Bath Units. Some of the units feature washer/dryer hook-ups, while there is a communal laundry room for the other tenants to enjoy. There is a bonus non-conforming studio unit on the 3rd Ave property that will provide additional income should the new owner decide to capitalize on this 9th unit. The addresses are 2070-76 3rd St. and 233-39 Hawthorn St. San Diego CA 92101

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

8

PRICE/UNIT

$499,375

CAP RATE

4.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Banker's Hill Remodeled - 5% CAP Proforma

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,992 SF

ZONING

R-3

APN/PARCEL ID

533-174-10,533-174-11

ASK ABOUT THIS PROPERTY

Dave PlutnerDP Properties Real Estate Investment BrokerageMore Info
858-964-8087

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Dave PlutnerDP Properties Real Estate Investment BrokerageMore Info
858-964-8087

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