Listing ID: 210027258
Price: $5,700,000
Status: Active
Address: 4335 Hilltop Dr
City: San Diego
State: California
Postal Code: 92102
County: San Diego
San Diego
CA
92102
The Hilltop Cove Apartments is a 24 unit apartment community located in the Chollas View submarket of San Diego. Situated over four separate buildings on a 1.18 acre parcel the property consists of twenty four 3 Bed/2 Bath units. The subject property has forty four on site parking spots and two on site laundry facilities with owned machines. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. The property is located approximately 5 miles from Downtown San Diego and is a few blocks away from the 805 and 94 freeways providing residents easy access to employments centers, shopping, dining, and entertainment. The Hilltop Cove Apartments is a fantastic opportunity for an investor looking for a value add opportunity with solid rent growth moving forward.

Primary Features

County: San Diego
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale

Interior

External

Number Of Buildings: 4
Parking Total: 44

Location

Country: US
MLS Area Major: 92102 - San Diego

Additional

List Agent State License: 01411216
Number Of Units Total: 24
Parcel Number: 5415021700

Financial

Cap Rate: 4.2
Gross Scheduled Income: 428988
Insurance Expense: 7200
Maintenance Expense: 24000
Net Operating Income: 239214
Operating Expense: 184104
Other Expense: 3000
Total Expenses: 184104
Trash Expense: 7600
Water Sewer Expense: 35000

Zoning Info


Area Info


© 2021. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Last updated Sunday, October 17th, 2021.

Based on information from CARETS as of Sunday, October 17th, 2021 03:48:54 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing courtesy of Dylan Wright, DRE #01411216 from Acre Investment Real Estate
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Listing courtesy of Dylan Wright, DRE #01411216 from Acre Investment Real Estate

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