3860 Wilson Ave - Apartments FOR SALE


San Diego, CA 92104- Cherokee Point
$1,295,000 USD
858-321-5181
3860 Wilson Ave, San Diego, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/9
null | 4.76% Cap Rate

3860 Wilson Ave
San Diego, CA 92104
Cherokee Point


HIGHLIGHTS

  • Private Yards
  • Wash & Dryers in Units
  • Renovated Interiors
  • Large 2Br/2BA with Attached Garage
  • Ample Parking
  • Close Proximity to Major Freeways, Employment, Recreation and Transit

OVERVIEW

3860–64 Wilson Ave is a well-positioned three-unit multifamily property located in San Diego’s desirable 92104 submarket near North Park. Built in 1955, the property offers approximately 1,856 rentable square feet on an oversized 7,224 square foot lot and features an attractive unit mix consisting of one 1Br/1Ba, one 2Br/1Ba, and one 2Br/2Ba unit. Each unit offers in-unit washer & dryer and private yards. Offered at $1,295,000 ($431,667 per unit; $697.74 per SF), the asset provides investors with immediate in-place income, generating approximately $61,684 of NOI and a 4.76% going-in cap rate, with additional upside to approximately $65,234 of NOI and a 5.04% cap rate at estimated market rents.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$698 USD /SF

# OF UNITS

3

PRICE/UNIT

$431,667

CAP RATE

4.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triplex in North Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,270 SF

ZONING

-

APN/PARCEL ID

447-461-24

ASK ABOUT THIS PROPERTY

Adrian GonzalezBridgePoint Realty, INCMore Info
858-321-5181

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

Adrian GonzalezBridgePoint Realty, INCMore Info
858-321-5181

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