2434-2438 Broadway - Apartments FOR SALE


San Diego, CA 92102- Golden Hill
$2,950,000 USD
2434-2438 Broadway, San Diego, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/45
null | 4.78% Cap Rate

2434-2438 Broadway
San Diego, CA 92102
Golden Hill


OVERVIEW

Rare opportunity to acquire one of Golden Hill's most distinctive boutique multifamily investments. This fully renovated 1932 Spanish-style fourplex has undergone an extensive fully permitted renovation while preserving its historic character and architectural integrity. The property consists of four luxury residences surrounding professionally designed resort-style grounds inspired by boutique hospitality concepts. In addition, the property includes an income-producing Airstream creating a unique supplemental revenue stream. Investors benefit from stable in-place income, exceptionally low operating expenses, and an easy-to-manage asset requiring minimal deferred maintenance. Every major component has been modernized, creating a true turnkey investment. Located on one of Golden Hill's most desirable historic streets just blocks from Balboa Park and minutes to Downtown San Diego, the property attracts high-quality tenants seeking walkability, historic charm and luxury finishes.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$1,050 USD /SF

# OF UNITS

4

PRICE/UNIT

$737,500

CAP RATE

4.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C

APN/PARCEL ID

534-272-16

ASK ABOUT THIS PROPERTY

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