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4903 Naples St, San Diego, CA 92110

Commercial property

4903 Naples St, San Diego, CA 92110 Sold May 2024 CRMLS
$2,750,000Sold May 2024

Listing Agent: Seth Watje (DRE #01805453) · Listing Office: Starker West, Inc. · Contact: 858-867-3732 · Bought with: OUT OF AREA · OUT OF AREA · MLS #240000613SD · Source: CRMLS

9
Units
2.70%
Cap Rate
$81,878
NOI
6,407 sqft
Lot Size
Commercial property
Type

About this commercial property

Unique chance to own a multifamily asset nestled in the thriving Bay Park community. This property boasts a well-appointed 3BR/2BA single-family residence along with eight 1BR/1BA units, providing an attractive rental mix. Positioned for substantial rental income growth, its strategic location near Mission Bay, the University of San Diego, a plethora of shops and restaurants, downtown attractions, the new Tecolote Trolley Station, and historic Old Town ensures a steady demand from tenants. The property is situated steps away from the proposed Morena Corridor Project, setting the stage for anticipated growth and development. Seize this rare opportunity to invest in a property that combines immediate rental potential with a promising future in one of San Diego's most sought-after neighborhoods.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$2,750,000
Sold May 2024 · listed $2,800,000, orig. $3,250,000, on market January 2024 · MLS #240000613SD · Source: CRMLS
Listing Agent: Seth Watje · Listing Office: Starker West, Inc. · Contact: 858-867-3732 · Bought with: OUT OF AREA · OUT OF AREA
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