Don't miss this rare investment opportunity positioned and Fully Entitled for 6-Story 35 unit Apartment Project designed by San Diego's finest.
* 4366 OHIO STREET *
Located in one of San Diego’s most sought-after neighborhoods - North Park - ideal for young professionals and urban dwellers of excellent credit.
And with a handsome walk score of 94 this 7,021 SF development lot will be delivered fully entitled for a modern 6-story new construction apartment project in the heart of North Park. Just half a block from the El Cajon Blvd/30th St intersection, this A+ urban location offers unbeatable walkability and vibrant city living.
Project Highlights:
Modern Urban Architecture featuring a rooftop deck with 360° city views
Secure podium parking: (11) designated spaces
Unit mix:
(10) 2-bedroom, 2-bath units | 780 SF each
(15) 1-bedroom, 1-bath units | 502 SF each
(10) Studio, 1-bath units | 410 SF each
Current IN-PLACE Rental Income:
Existing single-family home - Rent $2,700/month
Rear parking lot Rent ( rent per parking space approx 100 ) total $1,030/month
Total current rental income: $3,730/month
TOTAL PRO FORMA AS IS INCOME +/- 25% upside