Marcus & Millichap is pleased to present for sale a tremendous opportunity to own Twenty Garden Style Apartment Units in one of San Diego's strongest and most stable rental markets. All of the units have been upgraded to some extent over the past 5 years but over the past year the current owner spared no expense in meticulously renovating three of the units with high-end finishes, paint, tile-flooring,cabinets,and appliances. The Property Exterior has been upgraded with New Paint, Roof and All Units have New Windows. The tenants enjoy onsite parking and laundry;and the new Wightman Street Neighborhood Park right next door. The property is located in a nationally recognized opportunity zone, which promotes more housing developments and rehabilitation in an already rapidly gentrifying City Heights neighborhood. This investment opportunity is ideal for a new owner to renovate the remaining units, raise rents, and achieve an attractive cash-on-cash return.

  • MLS# 190009294
  • Style Industrial
  • Sub-Type Resale
  • Status Active
  • Days On Site 10
Story(s) 0
Units 20
Listing Provided By:
Peter DeLuca  of  Marcus Millichap
 
 
 
 
 
 
 
 
 
 
this listing $3,640,000
644.38%
$489,000 in 92105
this listing 10 on site
400.00%
2 on site in 92105

Location

State CA
County San Diego
City San Diego
Zip Code 92105

Loading Form

Real Estate Links Our Domains