4070 Utah St - Apartments FOR SALE


San Diego, CA 92104- North Park
$3,295,000 USD
858-775-9825
4070 Utah St, San Diego, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/15
null | 4.2% Cap Rate

4070 Utah St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Irreplaceable North Park Location - Walk Score of 95
  • Well Maintained by Current Ownership
  • Value-Add Opportunity with Significant Rental Upside
  • Desirable Unit Mix of 1 and 2 Bedroom Units
  • Parking for ALL Units - (10) Off-Street Spaces
  • On-Site Laundry and Secure Gated Entry

OVERVIEW

Marcus & Millichap is pleased to present 4070 Utah Street located in San Diego, California. Built in 1970, the 10-unit apartment complex sits in highly desirable neighborhood of North Park and boasts a Walk Score of 95. Resting on a 6,996 square foot lot, the property totals approximately 6,764 square feet. The unit mix is comprised of (7) one bedroom /one bathroom units and (3) two bedroom /one bathroom units. The complex has been well maintained over the years with select units featuring upgrades like vinyl plank floors and upgraded cabinets. Attractive tenant offerings include (10) off-street parking spaces, on-site laundry and secure gated entry. Current rents are below market and offer an investor the opportunity to extensively renovate units to maximize cash flow. Located two blocks from iconic 30th Street, University Avenue and El Cajon Boulevard the property is withing walking distance to all of North Park’s best attractions. Easy access to major freeways I8, I805 and 163 makes the location ideal for tenants who commute. 4070 Utah Street ultimately presents investors with the rare opportunity to acquire a well-maintained, value-add asset with significant rental upside in one of San Diego’s most popular rental markets.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

10

PRICE/UNIT

$329,500

CAP RATE

4.2%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MR12, City of S.D.

APN/PARCEL ID

446-361-27

ASK ABOUT THIS PROPERTY

Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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