Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Highest Cap Rate (5.07%) and Lowest GRM (12.9) available right now in North Park, San Diego. Well maintained building with interiors featuring vinyl flooring, tile counters and updated stainless appliances in most units. 5 out of 7 units are 2 bedroom, 2 baths with master ensuite baths along with 2, one bed, one bath units. Laundry room on-site for additional income. The building is located one block away from University Ave and 3 streets away to the 30th Street corridor. In just a quick 5 minute walk to north or west, tenants have immediate access to some of the most popular nightlife, restaurants, coffee, shopping, art galleries, theater, farmers markets, brunch spots, boutiques, and breweries in all of San Diego. The property is centrally located near the 15, 805, 163, and 8 Freeways and minutes away from Balboa Park which hosts events, museums, concerts and more. Investors can buy this building and achieve a well above market cap rate on day one in addition to have plenty of opportunity to add value with further renovations and improvements such as ensuite washer/dryer additions, new windows, and more. Contact list agents for a tour and full marketing brochure.
| a month ago | Status changed to Active | |
| 3 months ago | Price changed to $2,995,000 | |
| 4 months ago | Listing first seen online | |
| 4 months ago | Listing updated with changes from the MLS® |
Copyright 2024
Patrick Belhon
CA DRE Lic. # 01856584
Century 21 Award
DRE #01897784
6112 Regents Road Suite A
San Diego, CA 92122
Phone: 619-471-2000
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