2760-2762 Market St - Apartments FOR SALE


San Diego, CA 92102- Golden Hill
$1,600,000 USD
760-473-9655
2760-2762 Market St, San Diego, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/10
null | 4.9% Cap Rate

2760-2762 Market St
San Diego, CA 92102
Golden Hill


HIGHLIGHTS

  • Attractive Seller Financing Available @ 5.00% Interest Only
  • Five (5) Unit Value-Add Opportunity in Grant Hill
  • Excellent Unit Mix - (1) One Bed/One Bath & (4) Two Bed/One Bath Units
  • Floor to Ceiling Interior Renovations in 2013
  • Seven Off-Street Parking Spaces
  • Security Gated

OVERVIEW

ACRE Investment Real Estate Services proudly presents the Market Street Manor Apartments, a five unit apartment complex positioned just east of downtown San Diego in the desirable Grant Hill neighborhood. The property spans approximately 2,952 square feet and consists of one (1) one bed/one bath unit, three (3) two bed/one bath units, and one (1) detached two bed/one bath house. In 2013, the property underwent significant updates that included stucco, roof (house), windows, flooring, bathrooms, kitchens, granite countertops, and interior fixtures and appliances. This property offers substantial upside in rental income through additional renovations and more aggressive management. Tenants are afforded convenient access to Hwy 94, Golden Hill, South Park, and downtown San Diego. They will appreciate the sweeping views, inviting common areas, on-site laundry and secured parking and access. With its recent upgrades and strategic location, the Market Street Manor Apartments offer an excellent investment opportunity for savvy investors.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$542 USD /SF

# OF UNITS

5

PRICE/UNIT

$320,000

CAP RATE

4.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

MF-15, San Diego

APN/PARCEL ID

535-321-08

ASK ABOUT THIS PROPERTY

Nic LyonACRE Investment Real Estate ServicesMore Info
760-473-9655

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Nic LyonACRE Investment Real Estate ServicesMore Info
760-473-9655

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