3013 C St - Apartments FOR SALE


San Diego, CA 92102- Golden Hill
$7,600,000 USD
859-433-8741
3013 C St, San Diego, CA for Sale
$7,600,000 USD
Apartments - FOR SALE
1/29
null | 3.68% Cap Rate

3013 C St
San Diego, CA 92102
Golden Hill


HIGHLIGHTS

  • Majority 2-Bedroom Units
  • Value-Add with Under-market Rents
  • Ground Level Gated Private Garage with 33 Parking Spaces
  • Walking Distance to Restaurants, Coffee Shops, & Close Proximity to Downtown & Southpark
  • Direct Access to Commuter Freeways - I-5 and State Route 94

OVERVIEW

Whitewater Commercial Real Estate is pleased to present Town Pines, a 22-unit apartment community located in Golden Hill, San Diego at 3013 C Street. Constructed in 1985, Town Pines consists of (12) two-bedroom/ one-and-a-half-bathroom units and (10) one-bedroom/one-bathroom units. The property features secure ground-level gated garage parking, on-site laundry, and is situated within walking distance of Golden Hill’s shops, restaurants, and Balboa Park. Value-Add Opportunity For an investor seeking a value-add opportunity with a strong position, Town Pines delivers on multiple fronts. The 1985 vintage, 33 parking spaces, diversified unit mix, and Golden Hill location are all attributes that are difficult to find in today’s market. Current in- place rents trail renovated comparables in the submarket, representing a direct opportunity to increase revenue through a targeted interior upgrade plan. Location Golden Hill sits east of Downtown San Diego with direct access to Balboa Park, Interstate 5, and State Route 94. The neighborhood offers a walkable mix of locally owned restaurants, cafes, and is experiencing an active wave of new development — a signal of sustained renter and investor demand. Residents are minutes from Downtown San Diego’s employment hub and the lifestyle destinations of North Park and Hillcrest.

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

22

PRICE/UNIT

$345,455

CAP RATE

3.68%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Pines

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,837 SF

ZONING

RM-2-5

APN/PARCEL ID

539-542-01

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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