3738-3740 Van Dyke Ave - Apartments FOR SALE


San Diego, CA 92105
$2,995,000 USD
415-250-4947
3738-3740 Van Dyke Ave, San Diego, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/17
null | 5.27% Cap Rate

3738-3740 Van Dyke Ave
San Diego, CA 92105


HIGHLIGHTS

  • Market 7.86% Cap Rate & 9 GRM
  • Most Units Have Remodeled Interiors

OVERVIEW

3738-3740 Van Dyke Avenue is an 11-unit apartment complex that consists of 7,584 rentable square feet situated on a 10,497 square foot lot with ample parking. The unit mix consists of six well laid out 2 Bedroom / 1 Bathroom units and five spacious 1 Bedroom / 1 Bathroom units. The property was built in 1980 and features three double car and two single car garages, common laundry facilities, and plenty of parking in the front. The property has been well-maintained and seven of the units have been remodeled. There is 2.98% assumable debt available due in December 2025. The property is located on a quiet residential street. This property is located a few hundred feet from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby. Socially and economically, Central San Diego has a high concentration of businesses and households. Businesses tend to be smaller and wider spread than to the north and east. Like other urban mesa neighborhoods north of Balboa Park, Central San Diego has a high rate of pedestrian activity, relative to the rest of San Diego. Central San Diego is located next to many of the major highways with close access to the coast, beaches, business districts, downtown, and Mexico. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$395 USD /SF

# OF UNITS

11

PRICE/UNIT

$272,273

CAP RATE

5.27%

% 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

1980

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RM-1-1, San Diego

APN/PARCEL ID

471-632-37

ASK ABOUT THIS PROPERTY

Benn VogelsangNorthmarqMore Info
415-250-4947

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Benn VogelsangNorthmarqMore Info
415-250-4947

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