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2104 Columbia, San Diego, CA 92101

Commercial property

2104 Columbia, San Diego, CA 92101 Sold April 2023 CRMLS
$7,200,000Sold April 2023

Listing Agent: Brendan Flynn (DRE #01933302) · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Brendan Flynn · South Coast Commercial, Inc. · MLS #220019646SD · Source: CRMLS

10
Units
4.00%
Cap Rate
$215,909
NOI
4,712 sqft
Lot Size
Commercial property
Type

About this commercial property

Market rents achievable within first 6 months due to new age of building and supportable rent comps, contact agent for lender info. 2104 Columbia St is a class A, 2015 built apartment complex located in the heart of Little Italy. The unit mix consists of five 1 bed/1 bath units and five 2 bed/2 bath units. Each unit has 1 assigned space each, available through secured underground parking. Ten On Columbia offers four floorplans in total. These range in square footage from 605 (118 sq ft balcony with daybed), 768 (82 sq ft balcony), 1062-1085 (285 sq ft deck) to 1288 (234 sq ft over 1 balcony and 1 deck). Rent control cap AB 1482 does not apply to the subject property, offering an investor a 4% cap rate within first 6 months.

Listing description from the April 2023 sale, as reported to CRMLS.

Sale history

$7,200,000
Sold April 2023 · listed $7,995,000, on market July 2022 · MLS #220019646SD · Source: CRMLS
Listing Agent: Brendan Flynn · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Brendan Flynn · South Coast Commercial, Inc.
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