4723 Oregon Street
San Diego, CA 92116

$2,490,000

Description

The Oregon Street Cottages-a 7 unit community located North of Adams Avenue in North Park. The property is comprised of six 1-Bed/1-Bath cottages and a 3-Bed/2-Bath unit situated over 5 garages. The property is located in a quiet pocket of North Park and is walking distance from shopping, dining, and entertainment. Additionally, the subject property is just minutes from Downtown San Diego, Mission Valley, The Beach, and Balboa Park. With a walk score of 86 out of 100 tenants can enjoy many conveniences without ever getting into a car. The subject property has approximately 4,125 square feet of living area situated on a spacious 8,399 square foot parcel. Residents enjoy a quiet and peaceful courtyard area with lush landscaping and an on site laundry facility. The Oregon Street Cottages offer an investor the opportunity to raise rents to market levels without much updating. With continued gentrification in the area one should expect solid rent growth moving forward for many years to come.

Details

MLS#190012348
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site160

Features

Story(s)0
Units7

Market Activity 92116

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Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92116
Listing VS Median (in 92116)
Price:
$2,490,000
low | high
Med:
$699,999
100% of Average
On Site:
160
low | high
Med:
6.500000
100% of Average
Listing Updated: 08/18/2019
MLS Number: 190012348
Listing Provided By:
Dylan Wright  of  Acre Investment Real Estate
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