1915-1921 4th Ave - Apartments FOR SALE
San Diego, CA 92101 |
1915-1921 4th Ave
San Diego, CA 92101
HIGHLIGHTS
- 4.00% ProForma CAP Rate / Offering actual CAP Rate of 2.83% / Major upside in rental income / 0.115 acre lot
- First time to the market in 25+ years / Excellent unit mix of studios, 1 bedroom units and 2 bedroom units.
- Studio leasing at an average rate of $1,800/month in Bankers Hill / 1 Bedroom units are leasing at an average rate of +$2,400/month in Bankers Hill
- 2 Bedroom units are leasing at an average rate of $2,800/month in Bankers Hill
- There are several notable developments in the San Diego area, particularly near Bankers Hill, and some linked to SDSU (San Diego State University).
- Redevelopment Potential / Multifamily Options / Opportunities to utilize San Diego’s density bonus program to build larger projects.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
6700
STORIES
3
YEAR BUILT
1940
PARKING SPACES
8
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
533-292-05
