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4382 53rd Street, San Diego, CA 92115

Commercial property · 2 recorded sales since 2019

4382 53rd Street, San Diego, CA 92115 Sold May 2022 CRMLS
$3,142,500Sold May 2022

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Benn Vogelsang · South Coast Commercial, Inc. · MLS #220001079SD · Source: CRMLS

12
Units
4.40%
Cap Rate
$146,360
NOI
11,010 sqft
Lot Size
Commercial property
Type

About this commercial property

We are pleased to present 12 solid remodeled units 3 parcels south of El Cajon Blvd. The property consists of approximately 6,900 SF of structure built in 1979 situated on a 11,010 SF lot. There are four 2 Bed / 1.5 Bath units and eight 1 Bed / 1 Bath units. The property is 3 stories on the side and 2 stories in the front with plenty of parking. In addition to the 12 legal units, two garages and one storage room have been converted to non-permitted units and are currently vacant. The units feature new flooring, new countertops, new kitchens and baths as well as built in microwaves and dishwashers. This property is located a few hundred feet from the shopping and transit on El Cajon Blvd and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.

Listing description from the May 2022 sale, as reported to CRMLS.

Sale history

$3,142,500
Sold May 2022 · listed $3,295,000, on market January 2022 · MLS #220001079SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Benn Vogelsang · South Coast Commercial, Inc.
$2,056,000
Sold May 2019 · listed $2,400,000, orig. $2,520,000, on market April 2019 · MLS #190020363 · Source: CRMLS
Listing Agent: Julie Schlutz · Listing Office: Julie Schlutz · Contact: 858-248-0953 · Bought with: Aziz Zakkout · Marcus & Millichap
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