4020 38th St - Apartments FOR SALE


San Diego, CA 92105
$2,675,000 USD
619-312-6800
4020 38th St, San Diego, CA for Sale
$2,675,000 USD
Apartments - FOR SALE
1/4
null | 5.03% Cap Rate

4020 38th St
San Diego, CA 92105


HIGHLIGHTS

  • 6 of 10 units were Renovated
  • Large Floorplans
  • Immediate Rental Upside
  • On-Site Laundry Facilities
  • On-Site Parking

OVERVIEW

Fantastic opportunity to purchase a stabilized (10) unit building in Central San Diego with immediate rental upside. This property boasts large floor plans, multiple renovated units, on-site parking and coin-operated laundry facilities. The building has been well managed and a new buyer will benefit from operational efficiencies that have been put in place over the last 24 months.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

10

PRICE/UNIT

$267,500

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C

APN/PARCEL ID

447-421-18

ASK ABOUT THIS PROPERTY

Anthony MendesThe Mendes CompanyMore Info
619-312-6800

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Anthony MendesThe Mendes CompanyMore Info
619-312-6800

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