Commercial property
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, 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.