4463 Texas St - Apartments FOR SALE


San Diego, CA 92116- North Park
$1,275,000 USD
858-343-4655
4463 Texas St, San Diego, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

4463 Texas St
San Diego, CA 92116
North Park


HIGHLIGHTS

  • Located in Prime North Park next to the Lafayette Hotel
  • Walking distance from Metro San Diego's premier restaurants, cafes, and local amenities
  • 4 detached cottage style units
  • Heavy Value Add Investment Opportunity
  • 7,000 SF lot zoned RM-2-5 in TPA/SDA
  • Property is currently completely vacant

OVERVIEW

4457-63 Texas St is a premier value add investment opportunity with various options available for rehabbing and/or redeveloping the property. The current structures are all detached cottage style units which consist of (3) 550 sq ft 1Bed/1ba units and (1) large 900 sq ft 2Bed/1ba unit. All 4 units are currently vacant. The foundation is currently well intact which allows for renovations to be done on the current structures to drive the property up to market value. It also has the potential to be fully redeveloped being that it sits on a large 7,013 sq ft parcel that is zoned RM-2-5 in a designated Sustainable Development Area of San Diego County. The property's blue chip location in the heart of North Park makes this asset invulnerable to market conditions and will continue to rapidly appreciate, making this a highly sought after multi-family investment.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

4

PRICE/UNIT

$318,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,996 SF

ZONING

R3

APN/PARCEL ID

445-241-06

ASK ABOUT THIS PROPERTY

Jason LeeNara AdvisorsMore Info
858-343-4655

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Jason LeeNara AdvisorsMore Info
858-343-4655

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