4224 Ohio St - Apartments FOR SALE


San Diego, CA 92104
$15,250,000 USD
760-542-8730
4224 Ohio St, San Diego, CA for Sale
$15,250,000 USD
Apartments - FOR SALE
1/25
null | 3.6% Cap Rate

4224 Ohio St
San Diego, CA 92104


HIGHLIGHTS

  • Separately Metered For Water
  • Not Subject to AB 1482 Rent Control Regulations
  • Parking Garage W/ 18 Spaces
  • Elevator
  • High Efficiency HVAC & Stainless Steel Energy Star Appliances

OVERVIEW

Incredible loan assumption available with approximate balance of 6 million at interest rate of 3.63% through Fall of 2026!! Jackwill Flats is a rare 2019 built, 28 unit luxury apartment community in the heart of North Park, San Diego. There are eighteen large 1 bed/1 bath units, eight 2 bed/1 bath units, a 2 bed/2 bath unit (1,066 sq ft with a 180 sq ft deck) and a 1,000 square foot office/retail unit with a bathroom on the first floor. Jackwill Flats comes equipped with an elevator system, a parking garage with eighteen total garage spaces, highspeed internet, in-unit washer/dryers, custom kitchen cabinetry/countertops, 10’ ceilings and polished concrete floors. As the subject property is less than 5 years old, a future owner will not have to worry about recurring expenses and capital expenditures as they would have to with an older yet remodeled property. Additionally its newer vintage protects the property from AB 1482 rent control restrictions— those restrictions do not apply to Jackwill Flats.

FOR SALE DETAILS

PRICE

$15,250,000 USD

PRICE/SF

$732 USD /SF

# OF UNITS

28

PRICE/UNIT

$544,643

CAP RATE

3.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jackwill Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2019

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

CC-3-9

APN/PARCEL ID

446-233-07

ASK ABOUT THIS PROPERTY

Brendan FlynnSouth Coast Commercial, Inc.More Info
760-542-8730

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Brendan FlynnSouth Coast Commercial, Inc.More Info
760-542-8730

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