4533 Idaho St - Apartments FOR SALE


San Diego, CA 92116- North Park
$1,395,000 USD
858-229-2318
4533 Idaho St, San Diego, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/29
null | 4.63% Cap Rate

4533 Idaho St
San Diego, CA 92116
North Park


HIGHLIGHTS

  • Desirable University Heights Location with a Walk Score of 92
  • Nice 3 Unit Mix of a Main House And Two 1 Bedrooms
  • Detached One Car Garage for Added Storage or Convert to Another Unit
  • Professionally Managed for 25 years and Turnkey Condition
  • Strong Long Term Market Appreciation in a Low Vacancy Neighborhood
  • Develop and Win! Option to Add Units and Parking off the Back Alley

OVERVIEW

Triplex in Prime University Heights! So many options with this 3 unit property with a walk score of 92. 1.) Keep this well maintained 3-units for immediate cash flow from good tenants already in place. 2.) Build additional units and expand on this large lot - keep the charming front house and add units and parking off the back alley. 3). With one unit currently vacant, live in one unit and rent the others for cash flow on a primary residence. The property currently consists of a spacious 2BR/1BA front house and two additional units (1BR/1BA and 1BR/1BA). Originally built in 1932, this triplex retains its vintage charm while boasting modern upgrades including stainless steel appliances, granite counters, updated flooring, and fresh paint. Major capital improvements—roof, dual-pane windows, and stucco—completed within the last 8 years—reduce future maintenance costs. The detached garage offers extra storage and the driveway offers exclusive parking, although non metered street parking is available as well. Curb appeal shines with mature palm trees and an mission style front house. Unbeatable location in University Heights - Balboa Park, freeways, shopping, dining and more in this up and coming urban area of San Diego!

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$814 USD /SF

# OF UNITS

3

PRICE/UNIT

$465,000

CAP RATE

4.63%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4533-35 Idaho St., San Diego, CA 92116

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,149 SF

ZONING

RM-2-5

APN/PARCEL ID

446-031-10

ASK ABOUT THIS PROPERTY

Sasha RumpelReal BrokerMore Info
858-229-2318

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Sasha RumpelReal BrokerMore Info
858-229-2318

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