3613 Central Ave - Multi-Family FOR SALE


San Diego, CA 92105- Castle
$825,000 USD
858-761-2529
3613 Central Ave, San Diego, CA for Sale
$825,000 USD
Multi-Family - FOR SALE
1/23

3613 Central Ave
San Diego, CA 92105
Castle


HIGHLIGHTS

  • Desirable unit mix comprised of two-bedroom units
  • ADU conversion potential with one (1) double car garage
  • Rare opportunity to acquire a value-add asset in a high barrier to entry market
  • Easy access to Tier-1 employment hubs of Mission Valley, and Downtown San Diego via Interstate-15
  • Proximate transit hubs provide residents ease of access to jobs, education, public facilities, restaurants, vibrant nightlife, parks and recreation

OVERVIEW

We are pleased to present 3613-15 Central Avenue, a 2-unit apartment building located in the City Heights neighborhood of San Diego, CA. The property is comprised of one (1) two-bedroom / one-bathroom unit and one (1) two-bedroom / two-bathroom unit. The building also features one (1) unpermitted one-bedroom / one-bathroom unit. City Heights is known for its cultural diversity, locally owned businesses, and international cuisine. The residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to El Cajon Boulevard and Interstate-15. 3613-15 Central Avenue is situated in a transit-oriented neighborhood with many public transportation options nearby. Located along major east-west/north-south thoroughfares and transit hubs provides residents with ease of access to jobs, education, public facilities, parks and community recreation. The property boasts a walk score of 93 on walkscore.com’s 100-point scale and is considered “Very Walkable” as daily errands do not require a car and countless retailers, restaurants, and services are also nearby. 3613-15 Central Avenue is a compelling investment opportunity in a thriving neighborhood. Its prime location, vibrant community, and potential for significant value appreciation make it attractive to both renters and investors. This property offers a promising chance to invest in a flourishing market, with substantial returns possible through strategic enhancements and management.

FOR SALE DETAILS

PRICE

$825,000 USD

# OF UNITS

2

PRICE/UNIT

$412,500

CAP RATE

3.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3613-15 Central Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

454-162-13-00

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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