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4074 Ingalls St, San Diego, CA 92103

Commercial property

4074 Ingalls St, San Diego, CA 92103 Sold January 2025 CRMLS
$1,500,000Sold January 2025

Listing Agent: Thomas McCartin (DRE #01427348) · Listing Office: Marcus & Millichap · Contact: 818-212-2250 · Bought with: Thomas McCartin · Marcus & Millichap · MLS #240018804SD · Source: CRMLS

6
Units
6.35%
Cap Rate
$95,233
NOI
Commercial property
Type

About this commercial property

PRICE REDUCED LISTING 6 Vacant Add-Value Units with Immediate Upside in Mission Hills Excited to relaunch 4074 Ingalls Street at a reduced price of $1,500,000 ($250,000/unit). This six-unit apartment community in Mission Hills, San Diego, is now a blank slate for investors, as all units have executed cash 4 keys agreements providing a blank slate by 12/31/24. Property Highlights Unit Mix: Three studio units and three one-bedroom units Total Rentable Space: ~2,280 sq ft Additional Features: Four storage areas and a coin-operated laundry facility Investment Opportunity This property offers a rare add-value opportunity with no rent control restrictions, allowing investors to achieve market rents immediately upon completion of any desired upgrades. Location Benefits Nestled in the heart of Mission Hills, this property provides tenants with convenient access to: Pioneer Park Old Town San Diego Vibrant dining, shopping, and nightlife in Hillcrest Don’t miss out on this exceptional chance to reposition a property in one of San Diego’s most desirable neighborhoods!

Listing description from the January 2025 sale, as reported to CRMLS.

Sale history

$1,500,000
Sold January 2025 · orig. $1,725,000, on market August 2024 · MLS #240018804SD · Source: CRMLS
Listing Agent: Thomas McCartin · Listing Office: Marcus & Millichap · Contact: 818-212-2250 · Bought with: Thomas McCartin · Marcus & Millichap
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