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CommercialSale — 3860 45th Street, San Diego, CA

$1,045,000

3860 45th Street, San Diego, CA

$1,045,000 — 3860 45th Street, San Diego, CA — photo 1
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About this property

5 Units in City Heights. This is the best-priced deal on the market, low $/Unit at only $209K/Unit with a strong in-place 6.32% Cap Rate and 10.44 GRM w/ upside. With many recent upgrades, this offering boasts a strong in-place cap rate with future upside my updating a couple of the units. The unit mix consists of a 2Bedroom/2Bathroom unit, a spacious detached 1Bedroom/1Bathroom house, two 1Bedroom/1Bathroom units that are in a stacked two-story structure in the middle of the property and a smaller 1Bedroom/1Bathroom unit in the rear of the property. ProForma Cap Rate: 7.34% and ProForma GRM: 9.36

Property details

Property type
CommercialSale

Location

3860 45th Street • San Diego, CA 92105

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Listed by

James Carter · Apartment Realty Group (ARG)

Listing courtesy of Apartment Realty Group (ARG). Information deemed reliable but not guaranteed.

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