3853 Cherokee Ave, San Diego, CA 92104

About this commercial property

Great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS in San Diego's coveted 92104 zip code. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS is located in the up-and-coming Cherokee Point neighborhood of San Diego which has convenient access to the I-805, I-15, and I-8 freeways and is also situated in and around the vibrant communities of North Park/City Heights/Normal Heights. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego's 92104 has strong current cash-flow and also has fantastic rental income upside that the new owner can take advantage of since CURRENT RENTS ARE WELL-BELOW MARKET. Consists of two separate parcels: Property #1 is 3853-3859 Cherokee Ave; and Property #2 is 3861-3865 Cherokee Ave. Property #1 consists of EIGHT 1-bed/1-bath multi-family units and THREE studio units, and ONE non-conforming studio unit situated on a 7,701 sqft lot. Property #2 consists of ONE 2-bed/2-bath and ONE 1-bed/1-bath (plus 1 non-conforming addl bedroom on a 6,298 sqft lot. STRONG RENTAL Market. Great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS in San Diego's coveted 92104 zip code. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS is located in the up-and-coming Cherokee Point neighborhood of San Diego which has convenient access to the I-805, I-15, and I-8 freeways and is also situated in and around the vibrant communities of North Park/City Heights/Normal Heights. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego's 92104 has strong current cash-flow and also has fantastic rental income upside that the new owner can take advantage of since CURRENT RENTS ARE WELL-BELOW MARKET. Consists of two separate parcels: Property #1 is 3853-3859 Cherokee Ave; and Property #2 is 3861-3865 Cherokee Ave. Property #1 consists of EIGHT 1-bed/1-bath multi-family units and THREE studio units, and ONE non-conforming studio unit situated on a 7,701 sqft lot. Property #2 consists of ONE 2-bed/2-bath and ONE 1-bed/1-bath (plus 1 non-conforming ...

Listing description from the December 2018 sale, as reported to CRMLS.

Sale history

$2,050,000

Sold December 2018 · listed $2,299,000, orig. $2,499,000, on market October 2018 · MLS #180056883 · Source: CRMLS

Listing Agent: Omid Yousofi · Listing Office: Titan Pacific Group Inc · Contact: 949-331-4450 · Bought with: Omid Yousofi · Titan Pacific Group Inc

$2,050,000

Sold December 2018 · listed $2,299,000, orig. $2,499,000, on market October 2018 · MLS #OC18245283 · Source: CRMLS

Listing Agent: Omid Yousofi · Listing Office: Titan Pacific Group Inc · Contact: 949-331-4450 · Bought with: Omid Yousofi · Titan Pacific Group Inc

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