Listing ID: 210030993
Sold For: $5,150,000
Status: Closed
Sold Date: 3/07/2022
Address: 3845 Chamoune Ave
City: San Diego
State: California
Postal Code: 92105
County: San Diego
San Diego
CA
92105
We are pleased to offer for sale 3845 Chamoune Avenue, a 22 unit apartment complex located in the heart of City Heights. The property consists of 22 legal units: 20 (1br/1ba) apartments, 1 (2br/2ba) apartment and 1 (3br/1ba) apartment. Over the recent past, Ownership has performed many capital improvements which include, but are not limited to, new exterior stucco/paint, new windows (select units), roof work, full interior remodel of 17 units, etc. The property is located in the center of San Diego County and is extremely convenient to all San Diego has to offer both on foot and via car/public transportation. Other amenities include ample off street parking and laundry facilities (leased). This is a rare opportunity in a HOT market to purchase a building and obtain a new first trust deed with close to 35% down and still cash flow well...There is also room to push rents throughout. Please call LA for additional information and/or questions/inquiries... Amenities: None

Primary Features

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

Interior

Cooling: yes
Heating: yes
Heating Type: Wall Furnace

External

Construction Materials: Stucco
Number Of Buildings: 2
Parking Total: 19
Roof: Composition

Location

Country: US
MLS Area Major: 92105 - East San Diego

Additional

Days On Market: 20
List Agent State License: 01824454
Number Of Units Total: 22
Parcel Number: 4715813500

Financial

Cap Rate: 5
Current Financing: Other
Gross Scheduled Income: 402720
Net Operating Income: 256782
Operating Expense: 133856
Other Income 1: 530

Zoning Info


Area Info


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Listing Agent: Josh Browar, DRE #01824454 from The Browar Group
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Listing Agent: Josh Browar, DRE #01824454 from The Browar Group
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Listing Agent: Josh Browar, DRE #01824454 from The Browar Group

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