4159 35th St - Apartments FOR SALE


San Diego, CA 92104- Corridor
$1,250,000 USD
858-761-2529
4159 35th St, San Diego, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/9
null | 3.54% Cap Rate

4159 35th St
San Diego, CA 92104
Corridor


OVERVIEW

We are pleased to present 4159-63 35th Street, located in the highly regarded Cherokee Point neighborhood of San Diego, CA. This building consists of three (3 one-bedroom/one-bath units and one (1 two-bedroom/one-bathroom single family home. Additionally, this property two single car garages presenting ADU conversion potential. Located between Interstates 805 and 15 and bordered by Normal Heights to the north, City Heights to the east, and North Park to the west, Cherokee Point is known for its vibrant culinary scene, lively bars, and unique thrift stores, making it a highly attractive area for renters. This property presents a significant value-add opportunity for investors aiming to capitalize on the growth and demand in one of San Diego's prime rental markets. The central location and dynamic community of Cherokee Point ensure strong demand for rental units, with strategic renovations and upgrades offering considerable potential to elevate the property's value and achieve market-standard rental rates. 4159-63 35th Street is a compelling investment opportunity in a thriving neighborhood. Its prime location, vibrant community, and potential for significant value appreciation make it attractive to both renters and investors. This property offers a promising chance to invest in a flourishing market, with substantial returns possible through strategic enhancements and management.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$543 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

3.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R3

APN/PARCEL ID

447-320-20

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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