$1,800,000

3820 40th Street

San Diego CA, 92105

Description

This multi-family apartment building investment located at 3820 40th Street in the heart of the city of San Diego. The investment is very close to major freeways and located in the up-and-coming neighborhood of Cherokee Point, a community of City Heights. The apartment building is comprised of 7 well-maintained units with a unit mix of 1BD, 2BD, and 3BD apartments adding up to a total of 5,200 rentable square feet. Built in 1977, the 100% leased apartment building has had many improvements done throughout the years. There is significant potential for rental income growth, since the rents are well below market. The subject property is centrally located off University Avenue and 40th Street with excellent access to City Heights transportation corridors including highways 15, 805 and 8. and easy public transportation. The property is within close proximity to shopping, restaurants, parks and schools with easy public transportation making the investment property desirable for existing and future tenancies. Amenities: None

Details

MLS#210011770
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site13

Features

Units7
Building(s)1
Water FrontNo

Market Activity 92105

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Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92105
Area92105 - East San Diego
Listing VS Median (in 92105)
Price:
$1,800,000
low | high
Med:
$589,900
100% of Average
On Site:
13
low | high
Med:
8
100% of Average
Sourced by Back At You
Listing Updated: May 14, 2021 8:11:23 AM PDT
Claudia Adatto LogoMLS Number: 210011770
Listing Provided By:
Claudia Adatto  of  Cethron Property Management
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