3914-3916 Adams Ave - Apartments FOR SALE


San Diego, CA 92116- Adams North
$1,500,000 USD
858-247-2487
3914-3916 Adams Ave, San Diego, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/15
null | 3.16% Cap Rate

3914-3916 Adams Ave
San Diego, CA 92116
Adams North


HIGHLIGHTS

  • Prime Normal Heights Location on Adams Ave
  • Diverse Unit Mix with Commercial & Residential Units
  • 40% Upside in Rental Income
  • Large Renovated Commercial Space
  • (8) Off-Street Parking Spaces & (1) 2 Car Garage
  • Surrounded by Shops, Restaurants, Bars, and Entertainment

OVERVIEW

**3 Unit Mixed Use Opportunity in Prime Normal Heights** Located on Adams Ave and surrounded by the neighborhood’s best shops, restaurants, bars, and entertainment. The property offers a diverse mixed-use layout, including one (1) large renovated commercial space, one (1) 2BD/1BA residential unit, and one (1) 1BD/1BA residential unit, supported by eight (8) off-street parking spaces and (1) detached 2-car garage. There is 40% upside in rental income, with additional upside through a potential garage ADU conversion. Perfect for an owner user or an investor looking to take advantage of an ADU opportunity in a prime Mid-City location.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$544 USD /SF

# OF UNITS

2

PRICE/UNIT

$750,000

CAP RATE

3.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,238 SF

ZONING

RS-1-7

APN/PARCEL ID

440-520-11

ASK ABOUT THIS PROPERTY

Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

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Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

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