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$3,375,000

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    San Diego, CA 92104

    Closed
    SOLD 9/28/2022

    $3,375,000

    • 0.16 Acres
    • Commercial Sale
    • MLS# 220019167SD
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    Views: 13

    Property Details

    Description

    -Prime Central San Diego Location & North Park -Value-Add Opportunity (78% Upside in Rents) -Excellent Unit Mix of 1Bdrm & 3Bdrm Units -High Demand Rental Market -Garages and Off-Street Parking -Spacious Floor Plans -Easy Access to Local Services and Major Freeways -Located Near Shops, Restaurants and Transportation The Iowa Street Apartments, a nine (9) unit apartment complex in North Park, San Diego, represents a unique value-add investment opportunity. There is substantial upside in rental income (approximately78%). The subject property is located on a 7,004sf lot consisting of three (3) 3bedroom /1.5bathroom and six(6)1bedroom /1bathroom units. The property has ample off-street parking plus two (2) double-car garages. ***The identical building located at 3960 Idaho Street is also listed for sale and can be sold to the same buyer for a total of 18-Units.*** Ideal value-add opportunity located in one of San Diego's best rental markets.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 1.500 %
      • County Or Parish San Diego
      • Number Of Buildings 1
      • Number Of Units Total 9
    • Building Features
      • Carport Spaces 0.00
      • Cooling Wall/Window Unit(s)
      • Heating See Remarks
      • Roof Composition
    • Property Features
      • Lot Size Acres 0.16
      • Parking Total 11.00

    Neighborhood

    92104 (San Diego) Demographics

    34 Median Age
    12,042 Population Density (per sq. mile)
    60% College Educated
    $73,447 Estimated Median Income
    5,944 Estimated Total Home Owners
    15,929 Estimated Total Renters
    27% / 73% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    45,601 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $879,000 Median Sales Price
    21 Homes Sold
    32 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        9/28/2022 2:00:00 AM Sold Source: Multiple Listing Service New Value: $3,375,000
        8/2/2022 8:42:49 AM Status Changed Source: Multiple Listing Service New Value: Pending
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/2022 2:08:08 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.