Listed by Christina Labowicz, Apartment Consultants, Inc.,

4586 Idaho St

San Diego, CA, 92116

$3,415,000

$3,415,000
Active
Active
 - For Sale
property_type
Commercial
This property is well located in the highly desirable neighborhood of North Park with an excellent walk score of 88. Constructed in 1985 this property hosts a desirable unit mix of (6) 2BR/2BA units and (1) 1BR/1BA unit. With a large average square footage of 813, all 7 units feature W/D in-unit, fireplaces, a parking space (1:1 parking ratio) and their own one car garage. Two of the units have direct access to their garage. Two of the units have recently undergone renovations, leaving the remaining five units to be upgraded as desired by the new owner to achieve leading market rents, further pushing cash flow. In addition to the rent roll, the property yields an additional monthly income of $415 to cover utility costs. The 7 single car garages on site offer additional demand for tenancy as well as potential investment upside for ADU garage conversions. Remaining upside in rents presents an opportunity for the new owner to take advantage of this high demand location and push cash flow through consistent annual rent increases or renovating units and raising rents to leading market rents upon vacancy. OM provided upon request.
MLS® ID:
220018449SD
Listed:
7/14/22
Updated:
8/8/22

Exterior/Building Features

Lot Size
6,991 ft² lot

Other Property Details

Area Name
92116 - Normal Heights
Garage
No
Parking
N
Parking Total
7.0
View
N
County
San Diego
Pool
No

Property History

Date
Event
Price
Value
8/2/22
Active
-
-
7/25/22
Pending
-
-

 

Listed by Christina Labowicz, Apartment Consultants, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/8/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 4:36 PM UTC, 8/8/22

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