Offered at $2,299,000

Offered at $2,299,000

 

VALUE-ADD COMMERCIAL RESIDENTIAL

13-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY

LOCATED IN SAN DIEGO.

See supplements for Value-add Investment Proforma.

Great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego for INVESTORS. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego for INVESTORS is located in the up and coming Cherokee point neighborhood that is situated in and around the vibrant communities of North Park / City Heights / Normal Heights. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego for INVESTORS has strong current cash-flow and also has fantastic rental income upside that the new owner can take advantage of since CURRENT RENTS ARE BELOW MARKET. The sale of this great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS consists of two separate parcels: Property #1 is located at 3853-3859 Cherokee Ave (APN# 447-472-06-00); and Property #2 is located at 3861-3865 Cherokee Ave (APN# 447-472-05-00). Property #1 consists of EIGHT 1-bed / 1-bath multi-family units and THREE studio units situated on a 7,701 sqft lot. Property #2 consists of TWO 2-bed / 2-bath multi-family units situated on a 6,298 sqft lot. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego lies WITHIN A VERY STRONG RENTAL MARKET with FANTASTIC GROWTH POTENTIAL as it is situated within San Diego's Transit Priority Area in and around the vibrant communities of North Park / City Heights / Normal Heights. Don't miss this great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego for INVESTORS.

See supplements for Value-add Investment Proforma.


  Offered at $1,699,888

Offered at $1,699,888

This sale consists of a 4,200 square foot office building situated on a 6,751 square foot lot. Property is currently tenant occupied through the end of October and will be delivered vacant. Property is well situated for a buyer / developer capable of ground-up construction, or for an investor to rehab the existing structure.

See supplements for Marketing Package / Offering Memo.