4109 Park Pl, San Diego, CA 92116
Commercial property · 2 recorded sales since 2021
Sold January 2023
Listing Agent: Jonathan Minerick (DRE #01523060) · Listing Office: HomeCoin.com · Contact: 888-400-2513 · Bought with: Philip Buckley · CBRE · MLS #220027944SD · Source: CRMLS
About this commercial property
We are pleased to present this opportunity to acquire a 7-unit apartment complex located in the Kensington neighborhood of San Diego. The property was newly remodeled and features an ideal unit mix of one (1) two- bedroom/two-bath, two (2) two-bedroom/ one-bath, four (4) one-bedroom/one-bath units totaling approximately 4,735 square feet. New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. An investor has the opportunity to add an ADU in the garage to increase gross rents over 15%. The Park Place apartments are adjacent to Kensington Park and one block from Adams Avenue. From fine dining, coffee shops, to amazing schools, Kensington has something for everyone. With most properties in this area being single family homes, this asset offers the investor a unique opportunity to corner the market. This is an absolute must see asset with many improvements made to the interior and exterior of the property. The Park Place apartments have a central location that is near Kensington Village, Starbucks, Ponce’s, and many other restaurants.
Listing description from the January 2023 sale, as reported to CRMLS.
Sale history
