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4775 Wilson Ave., San Diego, CA 92116

Commercial property · 2 recorded sales since 2014

4775 Wilson Ave., San Diego, CA 92116 Sold December 2021 CRMLS
$2,575,000Sold December 2021

Listing Agent: Christopher Siedenburg (DRE #01907828) · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Eric Von Bluecher · Lee & Associates Commercial Real Estate · MLS #210027972 · Source: CRMLS

7
Units
3.00%
Cap Rate
$72,342
NOI
6,252 sqft
Lot Size
Commercial property
Type

About this commercial property

Proud to present 4775 Wilson Ave., a 7-unit garden style apartment property in the highly desirable community of Normal Heights. This property is 1/2 a block north of Adams Ave. and has been professionally maintained since at least 2014. Additionally, 6 of the 7 units have been renovated starting in 2016 and offer the very desirable features of air conditioning AND in-unit washer & dryer. Other updates have included newer appliances; cabinets; flooring; counter-tops; fresh paint and much more as needed in select units. This property offers plenty of Off-street parking with 4 spots in the back, (two 2-car carports that a savvy investor might consider the possibility of turning into garages) and an additional 7 off-street parking spaces in the front of the property (3 tandem spaces and 1 additional). The well-kept front of the building with its manicured bushes, shade tree and fresh green lawn, lead to a locked/gated courtyard that offers the tenants a safe and secure community feeling. The community of Normal Heights is one of San Diego's most desirable rental neighborhoods with its many shops; coffee houses; restaurants; diners; micro-breweries; and more. This property boasts a walk-score of 93 (per 'walkscore.com'). Normal Heights is centrally located in the city of San Diego and offers quick access to most major freeway corridors (Interstates 15; 8; 805; 163; 94 and more) which puts tenants within a quick drive to all that San Diego has to offer whether it be the many fabulous beaches; Balboa Park/San Diego Zoo; Old Town SD; and much more. Proud to present 4775 Wilson Ave., a 7-unit garden style apartment property in the highly desirable community of Normal Heights. This property is 1/2 a block north of Adams Ave. and has been professionally maintained since at least 2014. Additionally, 6 of the 7 units have been renovated starting in 2016 and offer the very desirable features of air conditioning AND in-unit washer & dryer. Other updates have included newer appliances; cabinets; flooring; counter-tops; fresh paint and much more as needed in select units. This property offers plenty of Off-street parking with 4 spots in the back, (two 2-car carports that a savvy investor might consider the possibility of turning into garages) and an additional 7 off-street parking spaces in the front of the property (3 tandem spaces and 1 additional). The well-kept front of the building with its manicured bushes, shade tree and fresh green lawn, lead to a locked/gated courtyard that offers the tenants a safe and secure community feeling. The community of Normal Heights is one of San Diego's most desirable rental neighborhoods with its many shops; coffee houses; restaurants; diners; micro-breweries; and more. This property boasts a walk-score of 93 (per 'walkscore.com'). Normal Heights is centrally located in the city of San Diego and offers quick access to most major freeway corridors (Interstates 15; 8; 805; 163; 94 and more) which puts tenants within a quick drive to all that San Diego has to offer whether it be the many fabulous beaches; Balboa Park/San Diego Zoo; Old Town SD; and much more. Exterior: ,,

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

Sale history

$2,575,000
Sold December 2021 · listed $2,450,000, on market September 2021 · MLS #210027972 · Source: CRMLS
Listing Agent: Christopher Siedenburg · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Eric Von Bluecher · Lee & Associates Commercial Real Estate
$1,150,000
Sold July 2014 · listed $1,195,000, on market March 2014 · MLS #140011346 · Source: CRMLS
Listing Agent: Jill Sellers · Listing Office: Advantage Team Real Estate · Contact: 888-692-3886 · Bought with: Jill Sellers · Advantage Team Real Estate
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