3860 45th St - Apartments FOR SALE


San Diego, CA 92105- Fairmont Village
$1,045,000 USD
619-784-1031
3860 45th St, San Diego, CA for Sale
$1,045,000 USD
Apartments - FOR SALE
1/9
null | 6.32% Cap Rate

3860 45th St
San Diego, CA 92105
Fairmont Village


HIGHLIGHTS

  • Strong In-Place Cap Rate (6.32%) and Low GRM (10.44)
  • Has Upside in Rent and Ability to Add Value
  • Low Price / Unit at $209K/Unit
  • A Few Unit Have Recent Upgrades

OVERVIEW

Best-priced deal on the market, low $/Unit at only $209K/Unit with a strong in-place 6.32% Cap Rate and 10.44 GRM w/ upside. The unit mix consists of a 2Bedroom/2Bathroom unit, a large detached 1Bedroom/1Bathroom house, two 1Bedroom/1Bathroom units that are in a stacked two-story structure and a small 1Bedroom/1Bathroom unit in the rear of the property. A few of the units have been recently updated and there's additional upside through updating remaining two units. ProForma Cap Rate: 7.34% and ProForma GRM: 9.36 Contact listing agent for more details.

FOR SALE DETAILS

PRICE

$1,045,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

5

PRICE/UNIT

$209,000

CAP RATE

6.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.32% Current Cap, $209K/Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,602 SF

ZONING

CUPD-CT-5-4

APN/PARCEL ID

471-571-24

ASK ABOUT THIS PROPERTY

James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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