4347-4367 30th St - Apartments FOR SALE


San Diego, CA 92104- North Park
$5,750,000 USD
415-250-4947
4347-4367 30th St, San Diego, CA for Sale
$5,750,000 USD
Apartments - FOR SALE
1/9
null | 2.02% Cap Rate

4347-4367 30th St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Classic 1938 Spanish Architecture
  • Market 5.67% Cap Rate & 12.4 GRM
  • 12 Single Garages, 2 Storage Units & Onsite Laundry
  • Two Parcels Totaling 18,959 Square Feet

OVERVIEW

Casa Bella Court is a charming 14-unit Spanish style multifamily property built in 1938 in the heart of North Park that has not been on the market in over 40 years. The property consists of 4 unit and 10-unit parcels totaling 18,959 square feet located at 4347-67 30th Street just steps from shopping, restaurants and coffee shops. The 8,131 square feet of structures consist of one large 2 bedroom / 1 bathroom unit with a family room, eleven 1 bedroom / 1 bathroom units and a dentist office occupying one of the duplexes. The units are arranged in rows with 6 duplexes and two units above the 12 single car garages. There is a laundry room, two storage rooms and rear doors to the garages. 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.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$525 USD /SF

# OF UNITS

14

PRICE/UNIT

$410,714

CAP RATE

2.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Bella Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,179 SF

ZONING

C

APN/PARCEL ID

446-163-04

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.