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$4,950,000
Est. payment /mo
6 Beds
24 Baths
5,130 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 5,130 sqft
Price per Sqft $964
MLS Listing ID 260019244
Bedrooms 6
Full Baths 24
Property Sub-Type Com-Res Income
Property Description
**24 Units, 6.50% CAP Rate, $206k/Unit** The Apartment Homes on Park Blvd is an incredible investment opportunity located in the heart of Downtown San Diego (East Village). Situated on a 5,130sf parcel, the property consists of eighteen (18) studio units, and (6) 1Bedroom / 1Bathroom units. Tenants enjoy a common area rooftop lounge and walkability to shops, restaurants, transit, and Petco Park (99 WalkScore). Located on the corner of Park Blvd & F St, this asset uniquely offers an investor the combination of high in-place cash flow, 20% upside in rental income, and a low price/unit with minimal property maintenance. This building is perfect for an investor looking for a central location with a high CAP rate.
Location
State CA
County San Diego
Area Metro Central
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Others
Senior Community No
Tax ID 534-334-07-00
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Listed by Angelo Joseph La Bruna III, DRE#01991625 Apartment Realty Group (ARG)
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