Listing ID: 210014890
Price: $4,350,000
Status: PENDING
Address: 4265 Altadena Ave
City: San Diego
State: California
Postal Code: 92115
Acres: 0.360
County: San Diego
San Diego
CA
92115
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

Interior

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

External

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

Location

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

Additional

Class: COMMERCIAL-RES INCOME
Have: 21 Units
Mandatory Remarks: None Known

Financial

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


This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS. Data updated on Tuesday, October 19th, 2021 06:11:42 PM.
#IDX-detailsPropertyPhoto, #IDX-modernMain, #IDX-detailsHead, .IDX-detailsshowcaseSlides, #IDX-detailsHead, .IDX-detailsshowcaseSlides
Listing courtesy of Marcus & Millichap

Request More Information - Listing ID 210014890

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Data services provided by IDX Broker
{"page":"listing","idxID":"c010","listingID":"210014890","extra":"4265-Altadena-Ave-San-Diego-CA-92115","type":"moreinfo"}
https://www.century21award.com
details.php
https://search.century21award.com
details
http://century21award.idxbroker.com/idx/results/listings?pt=sfr