4053-4055 Hamilton St - Apartments FOR SALE


San Diego, CA 92104- North Park
$4,650,000 USD
617-678-8377
4053-4055 Hamilton St, San Diego, CA for Sale
$4,650,000 USD
Apartments - FOR SALE
1/8
null | 3.22% Cap Rate

4053-4055 Hamilton St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • To Be Sold Seperately or Together with 4880 49th St in Talmadge
  • One Street from North Park Community Park and 15 Minute Walk from Balboa Park
  • Substantial Rental Upside through Interior Renovations
  • Deemed “Walker’s Paradise” by walkscore. com
  • Roofs Redone in the Last 6 Years
  • Private Gated Courtyard and Community Area

OVERVIEW

CBRE proudly presents for sale 4053-4055 Hamilton St, a meticulously maintained 15-unit garden-style apartment complex nestled in the heart of North Park, San Diego, CA. This vibrant community features twelve studios (355 sq ft), one 1-bedroom/1-bath unit (600 sq ft), and two standalone 2-bedroom/1-bath houses (625 sq ft & 800 sq ft). Residents enjoy the convenience of onsite laundry, expansive outdoor spaces, verdant surroundings, and secure entry. Situated near North Park Community Park, Balboa Park/ Morley Sports Complex, and a variety of dining, nightlife, and entertainment options, this community boasts a “Walk Score” of 94— deemed a “Walker’s Paradise.” With convenient access to the 163 and 805 freeways, residents can capitalize on quick routes for commuting, beach trips, or exploring the city. These charming residences feature a stylish blend of vinyl plank flooring, tile, and carpet, with bathrooms displaying elegantly tiled shower enclosures. Nearly half of the units showcase modern white soft-close cabinets in spacious kitchens complemented by a variety of Formica countertops, ranging from classic to luxurious. This property presents a prime opportunity for value-add investors looking to significantly increase rental income through interior renovations. Nestled within North Park’s dynamic and thriving neighborhood, residents enjoy a privileged location amid recent development and revitalization efforts. The area boasts trendy restaurants, craft breweries, boutique shops, and art galleries that make North Park a hub of creativity and culinary delights, attracting both locals and visitors. Spearheaded by the North Park Main Street organization, community initiatives have enhanced the neighborhood with aesthetic streetscapes, improved walkability, and strong support for local businesses. North Park offers diverse attractions such as the historic North Park Theatre and the Ray Street Arts District, hosting monthly art walks and showcasing local talent. Abundant green spaces provide opportunities for outdoor activities, while the vibrant nightlife scene with an array of bars and music venues adds to the area’s allure. North Park continues to draw significant real estate interest and ongoing development, emerging as one of San Diego’s most exciting neighborhoods—a perfect blend of urban amenities, cultural attractions, and outdoor recreation. With its indispensable North Park location, lush flora, a unit mix designed to meet the rental demographic’s demand, and owner’s capacity to aesthetically enhance the interiors, 4053-4055 Hamilton poses as a rare opportunity for an investor take advantage of the premiere location and high rental demand and upside of this complex, providing reliable income for years to come.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$776 USD /SF

# OF UNITS

15

PRICE/UNIT

$310,000

CAP RATE

3.22%

% 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

1954

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R-3:RESTRICTED MULTIPLE

APN/PARCEL ID

445-591-09

ASK ABOUT THIS PROPERTY

Jordan BarrCBREMore Info
617-678-8377

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Jordan BarrCBREMore Info
617-678-8377

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