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4250 Fairmount Ave, San Diego, CA 92105

Commercial property

4250 Fairmount Ave, San Diego, CA 92105 Sold September 2023 CRMLS
$1,600,000Sold September 2023

Listing Agent: Scott Edelstein (DRE #02043672) · Listing Office: W & D Real Estate Investments · Contact: 858-461-9452 · Bought with: Scott Edelstein · W & D Real Estate Investments · MLS #230013406SD · Source: CRMLS

8
Units
Commercial property
Type

About this commercial property

4250-66 Fairmount Ave, two parcels totaling 11,004 sq ft containing 7 apartment units and 1 (850 sq ft) retail unit. With over 70% upside in rents, this property has upside potential to an 8% cap rate! One of the 7 units is a new ADU and is fully permitted. This property is ideal for an investor, owner/user, or developer. With CU-2-4 zoning, there is the potential to develop a total of 18 units on the parcels. Contact listing agents for OM and more information.

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

Sale history

$1,600,000
Sold September 2023 · listed $1,650,000, on market July 2023 · MLS #230013406SD · Source: CRMLS
Listing Agent: Scott Edelstein · Listing Office: W & D Real Estate Investments · Contact: 858-461-9452 · Bought with: Scott Edelstein · W & D Real Estate Investments
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