4053 Cherokee Ave - Apartments FOR SALE


San Diego, CA 92104- Corridor
$2,750,000 USD
339-222-3361
4053 Cherokee Ave, San Diego, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/14
null | 4.61% Cap Rate

4053 Cherokee Ave
San Diego, CA 92104
Corridor


HIGHLIGHTS

  • Well located
  • Great unit mix breakdown
  • Storage & laundry on site
  • Further rental upside
  • High occupancy location

OVERVIEW

4053 Cherokee Ave is a renovated 9-unit apartment complex in the North Park neighborhood of San Diego. Featuring six large 1BD/1BA units (approx 575 sq ft) and three 2BD/1BA units (approx 820 sq ft), this property provides future ownership with a safe investment opportunity to coincide with interest rates coming down. Consistently 100% occupied, 4053 Cherokee appeals to renters due to its proximity to shops, restaurants and easy access to the freeways. Over time, the exterior renovations have included but are not limited to: paint, fencing, BBQ, table, landscaping, mailboxes, lighting. Interior renovations: White cabinets, grey quartz countertops, stainless steel appliances, paint, fixtures, hardware, lighting, closet doors, security doors, bath vanity, medicine cabinets. Prior ownership installed new windows. Amenities: BBQ area, courtyard, 9 parking spaces, onsite laundry (leased), storage, picnic area, controlled access.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

9

PRICE/UNIT

$305,556

CAP RATE

4.61%

% 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

1964

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-1-2

APN/PARCEL ID

447-412-08

ASK ABOUT THIS PROPERTY

Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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