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4343 Cherokee Avenue, San Diego, CA 92104

Commercial property

4343 Cherokee Avenue, San Diego, CA 92104 Sold July 2025 CRMLS
$2,037,000Sold July 2025

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily · MLS #250027928SD · Source: CRMLS

7
Units
4.88%
Cap Rate
$109,717
NOI
6,236 sqft
Lot Size
Commercial property
Type

About this commercial property

4343 Cherokee Avenue is a solid 7-unit apartment building located in Normal Heights just north of El Cajon Blvd and just east of North Park. The 5,255 square feet of structure built in 1985 consists of four 2 bedroom / 2 bathroom and three 1 bedroom / 1 bathroom units as well as 2 single car garages. In addition to the structure, the 6,236 square foot lot hosts 8 surface parking spaces. There is a common laundry room. In the last 5 years, new exterior LED lights were installed, as well as a new staircase and hot water heater with recirculating pump. Five of the units have been remodeled with new vinyl plank flooring, A/C units, popcorn ceiling removal, and new appliances. All units have new dishwashers. Termite tenting was done last year. There is approximately 25% upside in the current rents. DO NOT DISTURB TENANTS.

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

Sale history

$2,037,000
Sold July 2025 · listed $2,250,000, orig. $2,300,000, on market May 2025 · MLS #250027928SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily
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