137 Pennsylvania Ave - Apartments FOR SALE


San Diego, CA 92103- Hillcrest
$2,150,000 USD
858-247-2487
137 Pennsylvania Ave, San Diego, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/7
null | 3.04% Cap Rate

137 Pennsylvania Ave
San Diego, CA 92103
Hillcrest


HIGHLIGHTS

  • Located in the Heart of Prime Hilcrest: Walk Score of 95
  • New Appliances, Cabinets & In Unit Washer / Dryers
  • (1) 2-Car Garage & (3) Single Car Garages
  • Beautiful Hard Wood Floors and Unique Large Layouts
  • ~ 17% of Upside in Rental Income

OVERVIEW

Located in the heart of Hillcrest, 137 Pennsylvania Avenue offers a rare opportunity to own a well-maintained 4-unit property in one of San Diego’s most walkable and sought-after neighborhood, boasting a Walk Score of 95 and immediate access to University Avenue, the Hillcrest Farmers Market, and a wide mix of cafés, restaurants, and many other nearby amenities. The property features four large 1bedroom/1bath units, each thoughtfully updated with new appliances, modern cabinets, in-unit washer/dryers, and beautiful hardwood floors with spacious layouts. The site offers an over 1:1 unit/parking ratio with five off-street parking spaces, (1) 2-car garage, and (3) single-car garages. With an unbeatable Hillcrest location, the property appeals to both investors seeking a stable, upgraded asset with upside and owner-occupiers looking to live in a premium unit while leveraging rental income from the remaining apartments.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$749 USD /SF

# OF UNITS

4

PRICE/UNIT

$537,500

CAP RATE

3.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Hillcrest - 4 Units

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,665 SF

ZONING

R3

APN/PARCEL ID

452-284-21

ASK ABOUT THIS PROPERTY

Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

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Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.