4476 Texas St - Apartments FOR SALE


San Diego, CA 92116- University Heights
$2,375,000 USD
720-841-8139
4476 Texas St, San Diego, CA for Sale
$2,375,000 USD
Apartments - FOR SALE
1/28
null | 5.3% Cap Rate

4476 Texas St
San Diego, CA 92116
University Heights


HIGHLIGHTS

  • Prime North Park location with a Walk Score of 91
  • Diverse unit mix: (2) 3-Bed/2-Bath, (2) 2-Bed/1-Bath, (1) Studio/1-Bath
  • Significant interior & exterior upgrades, including in-unit laundry in 3 units
  • Four private garages with motion-sensor lights & automatic openers
  • Future development potential with dual water lines on site
  • Attractive assumable financing with loan balance of $1,242,792 at 3.64%

OVERVIEW

We are pleased to exclusively present 4476 Texas Street, a five-unit multifamily property located in the highly desirable North Park neighborhood of San Diego. This well-maintained and private community offers a diverse unit mix of (2) 3-bedroom/2-bath units, (2) 2-bedroom/1- bath and (1) studio/1-bath and across two upgraded structures. Features include dual-pane windows, individual A/C wiring, private entrances and patios for select units, and dedicated storage for all tenants. The front building, built in 1980, includes in-unit washers and dryers, central forced air and gas heat, updated kitchens with modern appliances, and extensive tile work. Four garages with motion-sensor lights and automatic openers provide added convenience. Residents enjoy amenities such as high-speed internet, fireplaces, smoke-free living, and lush landscaping. With a Walk Score of 91, the property is steps from the dining, retail, and entertainment of University Heights, Hillcrest, and Normal Heights. Located just north of El Cajon Boulevard and west of the 805 Freeway, the property offers easy access to Downtown, Balboa Park, Mission Valley, and major employment hubs. Two main water lines provide a unique opportunity for potential future development or expansion. Attractive assumable financing is available with current monthly payments of $6,008.18, a loan balance of $1,242,792, and a fixed interest rate of 3.64% through May 1, 2027. The loan has a maturity date of May 1, 2052, offering long-term stability for prospective investors.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$667 USD /SF

# OF UNITS

5

PRICE/UNIT

$475,000

CAP RATE

5.3%

% 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

1980

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

R3, San Diego

APN/PARCEL ID

445-232-26

ASK ABOUT THIS PROPERTY

720-841-8139

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720-841-8139

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