4333 Utah St - Apartments FOR SALE


San Diego, CA 92104- North Park
$2,200,000 USD
858-373-3213
4333 Utah St, San Diego, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/22
null | 3.85% Cap Rate

4333 Utah St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Rarely Trading Central North Park Neighborhood In San Diego
  • Owner Will Consider Seller Financing Option; See Agent for Details
  • Room To Build Additional ADUs; Five Single Car Garages Currently Rented MTM
  • Value-Add Apartment Community With Strong Bones & Rental Upside
  • Bungalow-Style Apartment Community With All 1-Bedroom

OVERVIEW

We are pleased to exclusively present 4333 Utah Street, a rare six unit apartment building in the coveted North Park neighborhood of San Diego, CA. Built in 1945, this bungalow style community features six similar 1-bedroom /1-bath units that have been meticulously maintained by current ownership. Units are about 510 square feet on average with original to partially updated interiors. Units include refurbished original hardwood flooring, custom tile in the kitchens and bathrooms, custom built-ins, front and rear entry to units, mix of white and stainless appliance packages. A few storage rooms lie under the stairs/balcony of the rear structure. There are five separate single car garages at the rear of the building that could be converted to ADUs easily with access to power and plumbing from the laundry room on the other side of the garages. An astute investor may rehabilitate units to highest end finishes, convert garages to ADUs and maximize property income.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$722 USD /SF

# OF UNITS

6

PRICE/UNIT

$366,667

CAP RATE

3.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MR800B, San Diego

APN/PARCEL ID

446-161-10

ASK ABOUT THIS PROPERTY

858-373-3213

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858-373-3213

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