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$ 2,400,000
Est. payment | /mo
7,069 Sqft Lot
$ 2,400,000
Est. payment | /mo
7,069 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260015351SD
HOA Y/N No
Lot Size 7,069 Sqft
Property Sub-Type Mixed Use
Property Description
Pleased to present this Garden Style 10 Unit Apartment Building located on the western side of City Heights, just a few blocks from the I-15 Interstate. The property offers a Walk Score of 88/100 and is conveniently situated near several grocery stores and restaurants. 3770 42nd Street provides access to multiple elementary, middle, and high schools within a short walk or drive. City Heights continues to improve year over year in terms of overall property conditions and tenant quality. This is the perfect “bread & butter” property that attracts quality tenants and should provide a stable, cash-flowing investment for the next owner. Significant capital improvements have been completed, including main and subpanel electrical replacements for insurance compliance, a roof approximately seven years old, and the recent replacement of more than half of the water heaters. SB 721 work has been completed, with a passing inspection report available upon completion of the final inspection scheduled for next week. The Property has been well maintained over the years by a well respected Property Management Company. The mix consists of 7 1BR/1Bath & Three 2BR/1Bath units. Nearby units are achieving rents approximately 10% higher.
Location
State CA
County San Diego
Area 92105 - East San Diego
Zoning R3 Restric
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Others
Tax ID 4716312600
Virtual Tour https://www.propertypanorama.com/instaview/snd/260015351
Listed by Thomas McCartin Marcus & Millichap #01427348
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