4582 Bancroft St - Apartments FOR SALE


San Diego, CA 92116- Normal Heights
$2,300,000 USD
859-433-8741
4582 Bancroft St, San Diego, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/17
null | 4.79% Cap Rate

4582 Bancroft St
San Diego, CA 92116
Normal Heights


HIGHLIGHTS

  • Well Maintained Property with Many Upgrades
  • Off Street Parking – (5) Surface Spaces and (2) Two-Car Garages
  • AIR CONDITIONING WALL UNITS
  • SELECT UNITS WITH WALK IN CLOSETS
  • CENTRAL LOCATION TO FREEWAYS
  • WALKING DISTANCE TO DINING, SHOPPING & NIGHTLIFE - 1 BLOCK SOUTH OF ADAMS AVE.

OVERVIEW

Whitewater Commercial Real Estate is pleased to present a 7-unit apartment complex in the thriving and hip neighborhood of Normal Heights. 4582 Bancroft Street was built in 1968 and renovated in recent years. This rare opportunity presents a quality multifamily asset with significant rental upside through further building and operational improvements. 4582 Bancroft Street’s unit mix consists of (2) two-bedroom/two-bathroom units, (1) two-bedroom/one-bathroom unit, and (4) one-bedroom/one-bathroom units. The units also have access to off-street parking with (5) surface spaces and (2) two-car garages off the alley. The property has undergone many renovations over the years including updated kitchens and bathrooms, vinyl plank flooring, and interior upgraded electrical panels. Select units feature walk-in closets and all units feature in-wall Air Conditioning. The property has also been retrofitted with dual pane vinyl windows and secure gated access to the courtyard. This opportunity appeals to the passive investor while also offering significant upside in rents with minimal effort. Just one block South of the main thoroughfare in Normal Heights consisting of many bars and restaurants, Adams Ave., the property is well positioned with the investor’s longevity in mind.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$462 USD /SF

# OF UNITS

7

PRICE/UNIT

$328,571

CAP RATE

4.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

MR15B

APN/PARCEL ID

447-511-26

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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