2605 Madison Avenue, San Diego, CA 92116
Commercial property · 2 recorded sales since 2012
Sold April 2014
Listing Agent: Brian Barnard (DRE #01848128) · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Allen Chitayat · Berkadia Real Estate Advisors · MLS #130063079 · Source: CRMLS
About this commercial property
Marcus & Millichap is pleased to present for sale 2605 Madison Avenue, a nine unit apartment complex in the University Heights/North Park neighborhood of San Diego, California. Constructed in 1969, the property consists of four (4) one-bedroom/one-bath, three (3) two-bedroom/one-bath, and two (2) two-bedroom/two-bath units totaling 6,513 rentable square feet. Situated on a corner lot of 6,996-square feet, the property is located in one of San Diego's premier rental submarkets with current vacancy rates below two percent. The property represents an opportunity for an investor to own a well-maintained asset with seven of the units recently renovated with new flooring and other improvements. Tenants also enjoy off-street parking, on-site laundry, and a courtyard entry. Upside can be derived through exterior renovation as well as upgrading the unit amenities to capture top-of-market rents.
Listing description from the April 2014 sale, as reported to CRMLS.
Sale history
