4030 Front St - Apartments FOR SALE


San Diego, CA 92103- Hillcrest
$4,495,000 USD
858-336-9688
4030 Front St, San Diego, CA for Sale
$4,495,000 USD
Apartments - FOR SALE
1/11
null | 3.78% Cap Rate

4030 Front St
San Diego, CA 92103
Hillcrest


HIGHLIGHTS

  • A+ Rental Market in one of the most rapidly appreciating submarkets in metro San Diego
  • Significant rental increase upside through strategic renovations
  • Current ownership has already finished up certain targeted upgrades
  • All 14 units come with its own parking spot
  • Located in the heart of Hillcrest, walkable access to amenities are unmatched

OVERVIEW

Rare Hillcrest 14-unit multifamily investment with major rental upside. Located in one of San Diego’s strongest rental submarkets, this value-add opportunity includes (8) 1Bed/1Bath, (4) 2Bed/1Bath, and (2) Studios. All tenants are on month-to-month leases, offering maximum flexibility for rent increases and renovations. Current rents are below market, and new ownership can significantly increase income through targeted improvements—some of which have already been completed by the current ownership. With a current cap rate of 3.41% and a proforma cap of 6.37%, this property is ideal for investors seeking cash flow growth and long-term upside in a blue-chip location.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$494 USD /SF

# OF UNITS

14

PRICE/UNIT

$321,071

CAP RATE

3.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,402 SF

ZONING

RM-3-9

APN/PARCEL ID

444-491-37

ASK ABOUT THIS PROPERTY

Jason LeeNara AdvisorsMore Info
858-336-9688

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Jason LeeNara AdvisorsMore Info
858-336-9688

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