4515 35th Pl - Apartments FOR SALE


San Diego, CA 92116- Normal Heights
$1,700,000 USD
858-859-9737
4515 35th Pl, San Diego, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/42
null | 7.38% Cap Rate

4515 35th Pl
San Diego, CA 92116
Normal Heights


HIGHLIGHTS

  • 4 units and 5 SDGE Meters
  • Garage space already plumbed for all utilities
  • ADU potential with garage conversion
  • On-site tandem parking
  • Casita style units w/private patios/yards
  • In-unit laundry

OVERVIEW

Please review marketing package. Values based off pro-forma. 1 to be delivered vacant. Four well located 2Bed 1Bath casita style units for sale. Detached garage space is ripe for ADU conversion into a 5th and/or 6th unit. Space is already plumbed for all utilities plus private yard space! 5 Meters on-site. Each unit has one shared wall and is approximately 600sf. Units were built in 1946 and well maintained with ample opportunity to modernize. Each unit has private laundry and a dedicated water heater with some private outdoor space (patio and/or yard space). Each tenant has a private outdoor patio space in the rear. This site can be utilized as an ADU. Owners upgraded the wooden fence in the front and added a deck for private tenant use. Financial reflects pro-forma which includes stable rents and ADU conversion of garage space. Please review marketing package for current information or contact agent.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$738 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

7.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units | 5 SDGE Meters | Plumbed Garage

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R3

APN/PARCEL ID

447-030-23

ASK ABOUT THIS PROPERTY

Aziz ZakkoutZakkout Real Estate ServicesMore Info
858-859-9737

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Aziz ZakkoutZakkout Real Estate ServicesMore Info
858-859-9737

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