Property listed by South Coast Commercial, Inc., Cody Evans
4151 35th
San Diego, CA 92104
$2,520,000
Offered at the lowest price per unit in all of 92104, this bread-and-butter apartment property presents a rare value-add opportunity in a strong rental submarket. The property consists of 12 legal units plus an additional non-conforming studio, offering meaningful upside beyond current in-place income. Current actual income reflects only the… Read More 12 legal units; income from the studio is not included in these figures. Ownership has initiated the permitting process for the studio and, once complete, pro forma income reflects the studio as a fully permitted 13th unit. With rental upside across the unit mix and an attractive basis relative to the surrounding market, this offering is well suited for investors seeking both stable current income and long-term upside. Read Less
Listing Snapshot
Days Online
118
Last Updated
Property Type
MixedUse
Lot Size
0.14 Acres
MLS Number
260016954SD
Additional Details
Building
1 building
Expenses
Operating: $89,223
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $232,704, Net Operating Income: $141,251
Lot
0.1435 acres
Parking
2 total parking spaces
Taxes
Parcel Number: 4473202100
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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