$1,495,000
$1,495,000
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4,499 Sqft Lot
SOLD DATE : 06/21/2023
Key Details
Sold Price $1,495,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision University Heights
MLS Listing ID DW22243191
Sold Date 06/21/23
HOA Y/N No
Year Built 1925
Tax Year 2022
Lot Size 4,499 Sqft
Property Description
A rare opportunity to own a 5-unit remodeled/upgraded apartment community in San Diego. Great Value-Add Multi-Family opportunity for investors in San Diego's coveted 92116 zip code. The area is nicknamed “Normal Heights” which is best known for vintage shops, bookstores, bars, and international eateries. This opportunity has a strong current cash flow and also has a fantastic rental income upside that the new owner can take advantage of.
The property consists of 5 units situated on a 4,500 sq lot. The property is near Interstate 805 and Interstate 15 which makes traveling around the city accessible and is six miles from the bustling San Diego Downtown encompasses the historic Gaslamp Quarter where there are many restaurants, bars, and sites. Petco Park where they hold many concerts, the Padres baseball games, and other events.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4475132300
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Jamila Higgs • HomeSmart Realty West