3864 35th St - Apartments FOR SALE


San Diego, CA 92104- Cherokee Point
$5,350,000 USD
858-395-6935
3864 35th St, San Diego, CA for Sale
$5,350,000 USD
Apartments - FOR SALE
1/14
null | 5.01% Cap Rate

3864 35th St
San Diego, CA 92104
Cherokee Point


HIGHLIGHTS

  • Walking distance to University Avenue restaurants and shopping (1 block)
  • Easy access to 805 freeway (0.2 miles)

OVERVIEW

Newmark is pleased to present the opportunity to acquire Las Palmas Apartments, an 18-unit multifamily community located in the high-demand Cherokee Point neighborhood of San Diego, California. Eleven of the eighteen units have been fully renovated, offering immediate in-place cash flow with the ability to unlock further upside through the renovation of the remaining units.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

18

PRICE/UNIT

$297,222

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Las Palmas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

CUPT-CT-5-4

APN/PARCEL ID

447-452-27

ASK ABOUT THIS PROPERTY

Erik AndersonNewmarkMore Info
858-395-6935

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Erik AndersonNewmarkMore Info
858-395-6935

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