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4201 51st Street, San Diego, CA 92115

Commercial property

4201 51st Street, San Diego, CA 92115 Sold November 2023 CRMLS
$5,250,000Sold November 2023

Listing Agent: Voltaire Lepe (DRE #01422464) · Listing Office: eXp Realty of California, Inc. · Contact: 888-584-9427 · Bought with: Ed Bustamante · South Bay Real Estate · MLS #230023680SD · Source: CRMLS

23
Units
4.52%
Cap Rate
$270,824
NOI
15,657 sqft
Lot Size
Commercial
Zoning
Commercial property
Type

About this commercial property

23 Unit Multi Family Building near SDSU with an amazing 23 Parking Spaces plus 3 Garages! This beautiful building located in the heart of San Diego has been renovated with a New Roof, Upgraded flooring, paint, countertops, kitchens, bathrooms, exterior stucco and landscaping! This building features 22 One Bed, One Bath units and 1 Studio with a 100% occupancy rate! Rents are very close to market but still have room to grow! This is the perfect property for 1031 or for someone looking for immediate cashflow. There are 3, one car garages that are currently built out as 6 storage units. Investors can keep them as storage units and rent them out, convert back into garages and rent them out, or leverage the ADU laws to create an extra unit there! Don't miss your opportunity to own one of the nicer buildings in the area!

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$5,250,000
Sold November 2023 · listed $5,595,000, on market December 2023 · MLS #230023680SD · Source: CRMLS
Listing Agent: Voltaire Lepe · Listing Office: eXp Realty of California, Inc. · Contact: 888-584-9427 · Bought with: Ed Bustamante · South Bay Real Estate
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