$2,275,000
$2,395,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/21/2024
Key Details
Sold Price $2,275,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Serra Mesa
MLS Listing ID 240002201SD
Sold Date 03/21/24
HOA Y/N No
Year Built 1959
Property Description
**Turn-Key 5.36% CAP Rate** 4-Unit fully occupied & recently remodeled 3-Bedroom/2-Bathroom (1,130 SF) apartment homes featuring brand new appliances, flooring, windows, kitchens, and bathrooms. Tenant Amenities include in-unit laundry, patios, balconies, and carport parking. New Roof, Upgraded Electrical and Plumbing, and Recently Fumigated. Centrally located in Serra Mesa (adjacent to Mission Valley and Civita). This property checks all the boxes: High-income-producing asset w/ extremely low maintenance in one of San Diego’s strongest and rarely available submarkets. High CAP Rate (5.36%), Low GRM (13.50), Low $/SF ($530/SF).
Location
State CA
County San Diego
Area 92123 - San Diego
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Fence None
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4212051300
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Sara Alavi • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "