Listing ID: 210014890
Price: $4,350,000
Address: 4265 Altadena Ave
City: San Diego
State: California
Postal Code: 92115
Acres: 0.360
County: San Diego
San Diego
Pleased to present for sale a 21-unit value add apartment complex in the City Heights neighborhood of San Diego. Constructed in 1963, this property rests on a 15,625 SF lot and offers 14,118 of rentable SF. 4265 Altadena Avenue, also known as Town House East, is comprised of (20) 1-Bedroom/1-Bathroom units and (1) 2-Bedroom/1.5-Bathroom townhome. Amenities include off-street parking for every unit, secure gated entry, and a large underutilized communal courtyard. This property offers investors the rare opportunity to acquire a large complex with significant rental upside.

Primary Features

County: San Diego
Property Type: Commercial-Residential Income


Number of Baths (1): 1
Number of Baths (2): 1.5
Number of Bedrooms (1): 1
Number of Bedrooms (2): 2
Number of Stories: 2
SqFt of Improvement: 14118
Stories: 2 Story


Entry Only: No
Lot Size: .25 through .50 Acres
Number of Buildings: 1
Number of Units: 21
Number of Units (1): 20
Number of Units (2): 1
Number of Units w/Ranges: 21
Number of Units w/Refrigerator: 21
Parking: Spaces
Parking Spaces Total: 23


Country: United States
Market Area: Metro Uptown
Zip/Area: SAN DIEGO (92115)


Have: 21 Units
Mandatory Remarks: None Known


Actual Gross Scheduled Income: 302004
Actual Operating Expense: 106094
Cap Rate Actual: 4.3
Cap Rate Projected: 6.31
Gross Equity: 4350000
Gross Multiplier: 14.40
Price/Unit: 207143
Projected Gross Multiplier: 10.95
Projected Net Income: 274,573
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no

Zoning Info

Area Info

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Listing courtesy of Marcus & Millichap

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