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Commercial Property - 4119 Arizona St, San Diego, CA

$2,700,000

4119 Arizona St, San Diego, CA

4119 Arizona St, San Diego, CA 92104 - $2,700,000 · Commercial Real Estate for Sale, photo 3

4119 Arizona St, San Diego, CA 92104 - $2,700,000 · Commercial Real Estate for Sale, photo 4

4119 Arizona St, San Diego, CA 92104 - $2,700,000 · Commercial Real Estate for Sale, photo 5

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Description

Pleased to present 4119 Arizona St, an 8-unit, 5,776-square-foot multifamily community located in the desirable neighborhood of North Park, San Diego, and boasts a walk score of 93. Originally constructed in 1984, the property has been extensively renovated and has been well maintained. The offering is priced at $2,700,000 at a 5.42% cap rate. The building consists of eight units across an efficient mix of three 2-bedroom / 2-bathroom units (approximately 1000 SF), four 1-bedroom / 1-bathroom units (averaging 550 SF), and a studio (approx. 350 SF). Additionally, there are 9 off-street parking spaces, AC in all units, and a common laundry facility. This straightforward, highly usable layout caters to a broad urban tenant base and remains consistently attractive to renters in the submarket.

Property details

Property type

Commercial Sale

Lot size

7,004 sqft

Location

4119 Arizona St • San Diego, CA 92104

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Listed by

Raymond Choi · Marcus & Millichap

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Sale history for 4119 Arizona Street

Sold $1,368,000 in October 2014 · MLS #140050429 · Source: CRMLS