4562 Hamilton St - Apartments FOR SALE


San Diego, CA 92116- North Park
$3,195,000 USD
619-300-9070
4562 Hamilton St, San Diego, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/23
null | 3.02% Cap Rate

4562 Hamilton St
San Diego, CA 92116
North Park


HIGHLIGHTS

  • All 2-Bedroom Units
  • Prime University Heights Location
  • Perfect Property To Add ADUs
  • $900 Per Unit Rental Increase Possible With Renovation
  • 11 Parking Spaces - 6 Covered & 5 Open
  • Walking Distance To All That Park Blvd. & Adams Ave. Have To Offer

OVERVIEW

7 units in University Heights - All 2 Bedroom units. Perfect building to renovate, add additional dwelling units, and re-rent at market rates to add value. The 6-car parking garage looks to be the perfect place to add 2 or 3 ADU units while still preserving 5 parking spaces in front of the new ADUs. 5 additional open parking spaces in the rear. Current rents are low making this property the ideal candidate for the "Renovate & Raise" model. Laundry room and additional storage lockers for tenants are located under the partially enclosed parking garage. Prime University Heights location. **** Please do not walk on property as tenants unaware the property is for sale ******

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$588 USD /SF

# OF UNITS

7

PRICE/UNIT

$456,429

CAP RATE

3.02%

% 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

1980

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-2-5

APN/PARCEL ID

445-162-29

ASK ABOUT THIS PROPERTY

Mark MorganSouth Coast Commercial, Inc.More Info
619-300-9070

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Mark MorganSouth Coast Commercial, Inc.More Info
619-300-9070

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