Marcus & Millichap is pleased to present 4130 35th Street located in San Diego, California. Originally built in 1972, the 8-unit apartment complex is centrally located in Cherokee Point bordered by North Park and Normal Heights and boasts a Walk Score of 87. The building measures approximately 5,175 rentable square feet and rests on a 6,249 SF lot.
The unit mix consists of (5) one-bedroom / one-bathroom units and (3) two-bedroom /one-bathroom units. Select units feature balconies and enclosed patios. Current ownership has rerouted water supply lines out of the slab and around the exterior of the building for easier access and maintenance. All units are currently vacant, and the property will
be delivered vacant allowing an investor to immediately commence renovations and maximize cash flow. Attractive tenant offerings include an on-site laundry room and (8) off-street parking spaces including (2) double car garages which have potential to be converted into ADU(s) for additional cash flow. All units are separately metered for SDG&E
reducing operating costs to the owner.
Situated between El Cajon Boulevard and University Avenue, the central location benefits from continued gentrification of the surrounding neighborhoods. The property is minutes away from the best attractions in North Park and Normal Heights. The property also offers easy access to the 805 and 15 freeways simplifying commutes. 4130 35th Street ultimately presents investors the rare opportunity to acquire a fully vacant, value-add asset in the path of progress.