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310 S 39th St, San Diego, CA 92113

Commercial property

310 S 39th St, San Diego, CA 92113 Sold April 2024 CRMLS
$1,175,000Sold April 2024

Listing Agent: James Carter (DRE #01352336) · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Angelo La Bruna · Apartment Realty Group (ARG) · MLS #240004433SD · Source: CRMLS

6
Units
5.51%
Cap Rate
$68,819
NOI
5,813 sqft
Lot Size
RM-1-1
Zoning
Commercial property
Type

About this commercial property

6-Units, value-add multifamily asset with strong in-place cashflow (5.51% cap on actuals). This property is situated less than 3 miles from Downtown San Diego and sits on a 5,813 sq ft lot and is comprised of six (6) 1bedroom/1bathroom units. The property features front yards and single-level cottage layouts. The property sits on on a corner lot along the alley offering potential for an astute investor to add onsite parking and laundry. • Value-Add Opportunity • Residential Neighborhood • Single-Level, Cottage-Style Units • 20%+ Upside in Rents • Low Price/Unit • Corner Lot

Listing description from the April 2024 sale, as reported to CRMLS.

Sale history

$1,175,000
Sold April 2024 · listed $1,249,000, on market February 2024 · MLS #240004433SD · Source: CRMLS
Listing Agent: James Carter · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Angelo La Bruna · Apartment Realty Group (ARG)
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