4979 Auburn DR, San Diego, CA 92105

About this commercial property

We are pleased to offer 8 Large Townhomes in the thriving City Heights neighborhood of San Diego. All units have off-street parking, laundry hookups, private rear patio areas, and have undergone recent remodeling of bathrooms. Flooring of all units common areas have low-maintenance ceramic tile. Additional upgrading of appliances could also open these units up to the next higher tier of market rents. The larger townhome format layouts, and resulting larger tenant family units, along with the individual metering of utilities, result in a lower operating cost percentage, as well as lessened required management oversight. Overall, 4979 Auburn Drive represents an exceptional piece of investment property in the globally desired San Diego California rental market, both through long-term cash flow and as a value-add opportunity. [Note: "Projected" rents and financials are based on ACTUAL rents currently paid on units in this property of the same size, and finish]

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

Sale history

$2,935,000

Sold September 2021 · listed $3,025,000, orig. $3,185,000, on market April 2021 · MLS #SDC0000117 · Source: CRMLS

Listing Agent: Marco Roman · Listing Office: Marco Roman, Broker · Contact: 619-244-0322 · Bought with: Peter Valleau · Valleau and Associates

$1,510,000

Sold June 2014 · listed $1,550,000, on market January 2014 · MLS #140003425 · Source: CRMLS

Listing Agent: Benn Vogelsang · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Marco Roman · Shiraz Realty

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