2409 Market st, San Diego, CA 92102
Commercial property · 2 recorded sales since 2014
Sold September 2015
Listing Agent: Curtis Gabhart (DRE #01316761) · Listing Office: Keller Williams Carmel Valley · Contact: 858-720-1900 · Bought with: Out of Area Agent · Out of Area Office · MLS #150029044 · Source: CRMLS
About this commercial property
2409 Market Street Apartments is a 14+2 (non-conforming) unit apartment complex located in San Diego. The property consists of 2 2-story & 4 1-story buildings on a 14,000sf parcel. The apartments were built in 1929 and have been extensively remodeled, including new electrical and are in excellent condition for the age of the property. The property includes 8 garages of which 2 have been converted into studios. Positive features of the project include attractive craftsman architecture, original era materials and private front and back patios & yards. 8 units interiors have been completed including hardwood floor refinishing, appliances, fixtures and hardware with the remaining 8 units still have carpet and original paint and an estimate of 3-5k per unit to turn over the unit when they are re-rented to new residences. Within a mile of the ballpark and new library Market street is in the path of progress. Renovation: The property is in above average condition for the age of the building with little-deferred maintenance. Recent work that has been done to all units including new windows, electrical (a 400 Amp main panel and 60 Amp sub-panels for each unit), exterior paint & landscaping including front and back yards for 8 units and back patios (porch) for 6 Studios, fencing. Recent interior renovations to the 3 bedroom, (two) 2 bedrooms & 5 studios are seen in the pictures. Some of the improvements were ? Hardwood floors & flooring ? New Appliances ? Custom paint scheme ? New lighting and plumbing fixtures An estimated cost of $3,000 - $5,000 per unit to bring the rest of the units in line with the recently renovated and raise the remaining rents in line with existing rents. Exterior: ,,,,
Listing description from the September 2015 sale, as reported to CRMLS.
Sale history
