4575 North Ave - Apartments FOR SALE


San Diego, CA 92116- University Heights
$3,200,000 USD
858-373-3144
4575 North Ave, San Diego, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/25
null | 4.08% Cap Rate

4575 North Ave
San Diego, CA 92116
University Heights


HIGHLIGHTS

  • Walking Distance to Shops, Restaurants, and Cafes on Park Boulevard
  • Off Street Parking - 7 Spaces
  • Dual Pane Windows

OVERVIEW

*Please do not walk on property or disturb tenants* The Trujillo Group at Marcus & Millichap is pleased to present a 10-unit apartment complex with value-add potential situated in the University Heights neighborhood. Built in 1958, this property is situated on a 7,000 SF lot and offers approximately 6,268 rentable SF. Located at 4575 North Ave, this complex is comprised of (8) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units. The building is equipped with amenities such as off-street parking, ceiling fans, and hardwood floors. With a walk score of 92, residents enjoy easy access to a surplus of bars and restaurants located just one block from the property along Park Boulevard. University Heights has become one of San Diego’s most desired neighborhoods to live in. With a close proximity to North Park, Balboa Park, and Downtown, this neighborhood consistently attracts high quality tenants seeking a walkable and centrally located area. Investors have a unique opportunity to acquire a well-positioned asset poised for long-term appreciation.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$511 USD /SF

# OF UNITS

10

PRICE/UNIT

$320,000

CAP RATE

4.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

445-122-05

ASK ABOUT THIS PROPERTY

Connor StolleMarcus & MillichapMore Info
858-373-3144

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Connor StolleMarcus & MillichapMore Info
858-373-3144

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