4455-4465 Cherokee Ave - Apartments FOR SALE


San Diego, CA 92116
$4,940,000 USD
619-889-8372
4455-4465 Cherokee Ave, San Diego, CA for Sale
$4,940,000 USD
Apartments - FOR SALE
1/21
null | 5.27% Cap Rate

4455-4465 Cherokee Ave
San Diego, CA 92116


HIGHLIGHTS

  • 1985 Construction
  • Pitched Roofs
  • 4 One-Car Garages plus 19 Additional Off-Street Parking Spaces
  • Intercom-Access Gated-Courtyard
  • Balanced Unit Mix
  • Two On-Site Laundry Rooms with Newer Owned-Machines

OVERVIEW

Sweet Sixteen: Two well-located, mirror-image Normal Heights 8-Unit Apartment Buildings (10,788 SF) constructed in 1985, sharing a common intercom-access gated courtyard. Pitched roofs, 4 balconies, 6 enclosed patios, 4 one-car garages, plus 19 additional open off-street parking spaces. An ideal all-electric unit mix of 8-1br/1ba, 4-2bd/1ba, and 4- 2br/2ba units. Hot water lines replumbed to attic! Low maintenance, drought-resistant landscaping. Two laundry rooms with newer coin-operated owned commercial machines, plus two convenient on-site maintenance/supply storerooms. SB721 compliant. Retiring Broker/Owner. A unique opportunity to own a Well-Located, Well Maintained, Pride of Ownership Investment! Please Note: Seller is a licensed real estate broker. No Seller carry-back. At no additional cost to Buyer and with no delay in close of Escrow, Buyer to facilitate Seller effecting a 1031 exchange. Seller to select title and escrow services.

FOR SALE DETAILS

PRICE

$4,940,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

16

PRICE/UNIT

$308,750

CAP RATE

5.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,247 SF

ZONING

R3

APN/PARCEL ID

447-112-07,447-112-08

ASK ABOUT THIS PROPERTY

Dan GeisGeis Real EstateMore Info
619-889-8372

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Dan GeisGeis Real EstateMore Info
619-889-8372

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