4240 Felton St - Apartments FOR SALE


San Diego, CA 92104- Corridor
$8,249,000 USD
213-864-2862
4240 Felton St, San Diego, CA for Sale
$8,249,000 USD
Apartments - FOR SALE
1/13
null | 5.06% Cap Rate

4240 Felton St
San Diego, CA 92104
Corridor


HIGHLIGHTS

  • Seller Financing Available | 5% Interest Only up to 10 Years!
  • 27-Unit Value-Add Investment Opportunity
  • Premier North Park Location
  • Desirable Unit Mix: (15) 1BD/1BA, (9) 2BD/1BA & (3) 2BD/2BA
  • Significant Rental Upside

OVERVIEW

Seller Financing is available at 5% Interest Only for up to 10 Years! This 27-unit value add opportunity is ideally located in the highly desirable North Park neighborhood of San Diego, within walking distance to restaurants, breweries and retail, and just minutes from Balboa Park and Downtown San Diego. Situated on a spacious 21,780 square foot lot, the property features 18,993 square feet of rentable building area with an excellent unit mix of (15) 1 bedroom / 1 bath, (9) 2 bedroom / 1 bath and (3) 2 bedroom / 2 bath units. The property offers significant rental upside, a resort style landscaped courtyard, controlled access and 30 parking spaces, including 10 garages and 20 open spaces. With its premier location, rental upside and attractive seller financing, this property offers an excellent value add investment and long-term wealth preservation opportunity.

FOR SALE DETAILS

PRICE

$8,249,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

27

PRICE/UNIT

$305,519

CAP RATE

5.06%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The North Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

MR 10B

APN/PARCEL ID

447-561-30

ASK ABOUT THIS PROPERTY

Pat SwansonStream Realty Partners, LPMore Info
213-864-2862

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Pat SwansonStream Realty Partners, LPMore Info
213-864-2862

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