3541 Highland Ave - Apartments FOR SALE


San Diego, CA 92105- Fairmont Village
$4,100,000 USD
760-573-8852
3541 Highland Ave, San Diego, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/9
null | 5% Cap Rate

3541 Highland Ave
San Diego, CA 92105
Fairmont Village


HIGHLIGHTS

  • 12 Units (Each Individually Parceled & Condo Mapped)
  • Desired unit mix with spacious townhome style floor plans
  • In-unit Washer & Dryer Hookups
  • Onsite Parking Including a Gated, Secured Parking Garage
  • Pride of Ownership, Well Maintained Property & Grounds
  • Centrally Located City Heights Rental Submarket

OVERVIEW

***Seller-Carry Financing Available*** 3541 Highland Avenue presents a rare opportunity to acquire a well maintained 12-unit individually parceled condominium-mapped apartment community in one of the city’s most dynamic and centrally positioned neighborhoods. Situated within the 92105 zip code of City Heights, the property benefits from strong rental demand driven by its proximity to major employment centers, colleges, public transit, retail corridors, and cultural amenities. This property consists of 12 Condo Quality units, individually parceled totaling 9,576 square feet on a 12,531 Sq ft lot featuring (6) large 1bd/1ba units and (6) 2bd/2.5ba 2 story Townhome style units above a gated and secured parking garage. This has been a well maintained pride of ownership property and the first time on the market in over 25 years. As a condominium-mapped property, the asset provides investors with unique flexibility, including the potential for individual unit sales or a long-term hold strategy to capitalize on consistent cash flow and future appreciation.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

12

PRICE/UNIT

$341,667

CAP RATE

5%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

***Seller-Carry Financing Available***

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

RM-1-1

APN/PARCEL ID

476-041-31-01

ASK ABOUT THIS PROPERTY

Jarrett SmithApartment Realty Group (ARG)More Info
760-573-8852

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Jarrett SmithApartment Realty Group (ARG)More Info
760-573-8852

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