3735-41 Madison Ave - Apartments FOR SALE


San Diego, CA 92116
$1,725,000 USD
619-595-7025
3735-41 Madison Ave, San Diego, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/20
null | 4.76% Cap Rate

3735-41 Madison Ave
San Diego, CA 92116


HIGHLIGHTS

  • Corner lot, 4-units, drought tolerant landscaping, walking distance to restaurants/shopping

OVERVIEW

Welcome to this adorable 4-unit property, perfectly positioned on a desirable corner lot in Normal Heights. This unique offering features adelightful mix of units: a free-standing 2-bedroom, 1-bath home, alongside a duplex with two 1-bedroom, 1-bath units, and an additional free-standing 1-bedroom, 1-bath residence. Each unit includes dedicated parking, with three detached garages and one attached garage for addedconvenience, in addition to ample street parking. These well-maintained units showcase beautiful hardwood floors and inviting built-ins thatexude charm. Enjoy the ease of low-maintenance landscaping, along with newly installed sidewalks, gutters, windows, garage doors, fence anddownspouts. With durable composition shingle roofs, this property is both stylish and practical. Ideal for first-time investors or those looking tooccupy a unit with VA/FHA financing, this is an opportunity not to be missed. Experience the vibrant lifestyle Normal Heights has to offer! Alltenants pay their own electricty. Two units (4548 & 3741) are separately metered so they pay their own water and sewer however the duplex (3739 & 3735) is not separately metered and is paid by the owner. Property is zoned Multi Family Dwellings 2+

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

4

PRICE/UNIT

$431,250

CAP RATE

4.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-2

APN/PARCEL ID

447-052-18-00

ASK ABOUT THIS PROPERTY

Gregg NeumanNeuman and Neuman Real Estate IncMore Info
619-595-7025

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Gregg NeumanNeuman and Neuman Real Estate IncMore Info
619-595-7025

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