3928 Alabama St - Apartments FOR SALE


San Diego, CA 92104
$4,350,000 USD
415-250-4947
3928 Alabama St, San Diego, CA for Sale
$4,350,000 USD
Apartments - FOR SALE
1/18
null | 5% Cap Rate

3928 Alabama St
San Diego, CA 92104


HIGHLIGHTS

  • Turn Key Opportunity With Upside In Rents
  • Market 6% Cap Rate & 12 GRM
  • Remodeled Interiors: Some Units w/ Dishwashers or A/C

OVERVIEW

3928 Alabama Street is a solid 12 unit building in North Park near University Heights, Hillcrest and Morley Field with individual APNs for eight of the units. The approximately 6,714 square foot three-story structure was built in 1970 and is situated on a 7,118 square foot lot. The strong unit mix features six 2 Bed / 1.5 Bath units and two 1 Bed / 1 Bath units with dishwashers as well as a two 1 Bedroom and two Studio ADUs. The property features ample parking and remodeled units with additional upside in the rents. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. North Park is one of the most desirable rental markets in all of San Diego County. Geographically, the property is situated to the northeast of Balboa Park, bounded on the north by the canyons overlooking Mission Valley, on the south by Switzer Canyon and the Grant Hill neighborhood, on the east by and City Heights, and on the west by Florida Canyon and Balboa Park. Like other urban San Diego communities, North Park has a high rate of pedestrian activity, relative to other regions of San Diego County. North Park is one of the most diverse communities in San Diego. Businesses and residential neighborhoods alike reflect this diversity. There have been many redevelopment projects by the city of San Diego in North Park and an improvement of the tenant-base over the last decade. Buyer to verify square footage.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$648 USD /SF

# OF UNITS

12

PRICE/UNIT

$362,500

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R1

APN/PARCEL ID

445-672-33

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.