830 Park Blvd - Apartments FOR SALE


San Diego, CA 92101- East Village
$4,950,000 USD
858-247-1095
830 Park Blvd, San Diego, CA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/9
null | 6.5% Cap Rate

830 Park Blvd
San Diego, CA 92101
East Village


HIGHLIGHTS

  • Located in Downtown San Diego
  • Low Price/Unit + High CAP Rate Property
  • $206,250/unit + 6.5% CAP Rate
  • Common Area Rooftop Lounge
  • Value-Add Opportunity w/ 20% Upside in Rental Income
  • (99) Walkscore Nearby Shops, Restaurants, Transit and Petco Park

OVERVIEW

The Apartment Homes on Park Blvd is an incredible investment opportunity located in the heart of Downtown San Diego (East Village). Situated on a 5,130sf parcel, the property consists of eighteen (18) studio units, and (6) 1Bedroom / 1Bathroom units. Tenants enjoy a common area rooftop lounge and walkability to shops, restaurants, transit, and Petco Park (99 WalkScore). Located on the corner of Park Blvd & F St, this asset uniquely offers an investor the combination of high in-place cash flow, 20% upside in rental income, and a low price/unit with minimal property maintenance. This building is perfect for an investor looking for a central location with a high CAP rate.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$394 USD /SF

# OF UNITS

24

PRICE/UNIT

$206,250

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.5% CAP Rate in Downtown SD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,130 SF

ZONING

CCPD-RE

APN/PARCEL ID

534-334-07

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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