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4388 Delta Street, San Diego, CA 92113

Commercial property · 2 recorded sales since 2012

4388 Delta Street, San Diego, CA 92113 Sold July 2021 CRMLS
$7,000,000Sold July 2021

Listing Agent: Jordan Concepcion (DRE #01936834) · Listing Office: Keller Williams Realty · Contact: 858-720-1900 · Bought with: James Carter · Apartment Realty Group (ARG) · MLS #200050524 · Source: CRMLS

31
Units
5.77%
Cap Rate
33,977 sqft
Lot Size
Commercial property
Type

About this commercial property

Cash Flowing and Newer Construction. Large 31 unit (**3 of 31 units are not permitted**) apartment building located in San Diego. Seller is in process of adding additional legal unit (29 legal, 3 non-permitted) that will be a 3br/2bt. The subject property is built in 1990 and situated on a large 0.78 acre lot and is comprised of 16 2/1, 12 3/1, 2 1/1 and 1 studio apartment totaling approximately 23,930 square feet. In addition, there is on-site laundry facilities, undertuck parking spaces, and a dedicated office for on-site manager. The Delta Street Apartments are an opportunity for an owner to obtain a property with an excellent unit mix that cash flows strongly. In addition, this property sits in a historically low vacancy area that is close to major freeways, transportation, employment, and is minutes from Downtown San Diego.

Listing description from the July 2021 sale, as reported to CRMLS.

Sale history

$7,000,000
Sold July 2021 · listed $7,199,000, on market October 2020 · MLS #200050524 · Source: CRMLS
Listing Agent: Jordan Concepcion · Listing Office: Keller Williams Realty · Contact: 858-720-1900 · Bought with: James Carter · Apartment Realty Group (ARG)
$4,700,000
Sold October 2012 · listed $4,936,000, on market November 2011 · MLS #S681070 · Source: CRMLS
Listing Agent: Mike Marcu · Listing Office: Insite Investment Realty Inc · Contact: 949-679-8800 · Bought with: Mike Marcu · Insite Investment Realty Inc
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