4326 50th St - Apartments FOR SALE


San Diego, CA 92115
$1,800,000 USD
415-250-4947
4326 50th St, San Diego, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/24
null | 5.15% Cap Rate

4326 50th St
San Diego, CA 92115


HIGHLIGHTS

  • (1) 2Bed/1Bath Townhome, (2) 1 Bed Lofts & (5) 1 Bed Units
  • Market 10 GRM & 7.2% Cap Rate
  • New Roof/Exterior Paint/Landscaping
  • Ample Parking, Most Units Remodeled, 1981 Construction

OVERVIEW

4326 50th Street is an 8-unit complex in City Heights with plenty of tuck-under parking. The 5,194 square foot building is situated on a 6,250 square foot lot. There is one 2 Bedroom / 1 Bathroom townhome-style unit, two 1 Bedroom / 1 Bathroom loft units, and five 1 Bedroom / 1 Bathroom units. Some of the units have recently been upgraded. Select units have balconies. The property was built in 1981 and has large floor plans. There is an onsite laundry facility. The property has new exterior paint, a two year old roof, and has underwent recent wood repairs. The property is located in City Heights, close to the transit and shopping off El Cajon Blvd. The property is located on a quiet residential street in the Teralta East submarket of City Heights just south of Talmadge. The 'Colina del Sol' neighborhood is named after the large park and recreation area that is a half mile walking distance away. It is located a few hundred feet from the shopping and transit on El Cajon Boulevard 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. The College Area with the San Diego State University Campus is just 3 miles away as are the popular urban areas of Kensington, North Park, Hillcrest, and Normal Heights. 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 including the Interstates 8 and 15 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

$1,800,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

5.15%

% 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

1981

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,273 SF

ZONING

MR10B, San Diego

APN/PARCEL ID

471-291-19

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.