2642 44th Street, San Diego, CA 92105

  • $2,475,000
  • $400
2642 44th Street, San Diego, CA 92105
For Sale

2642 44th Street, San Diego, CA 92105

2642 44th Street, San Diego, CA 92105
  • $2,475,000
  • $400

Overview

Property ID: 4377759
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1984
  • Year Built

Description

Commercial Asset Advisors is pleased to present the opportunity to acquire a turnkey 9-unit multifamily asset located in the residential focused lower City Heights area of San Diego with an ideal unit mix. The micro location is walking distance to Hamilton Elementary school and just off the beaten bath of the City Center primary thoroughfares providing for a family oriented neighborhood pocket. The 9,391 sqft lot is comprised of three separate buildings: a 6 unit apartment building consisting of (4) 1 bedroom units and (2) 2 bedroom units, a duplex with (2) 2 bedroom/1 bath units with small rear yards, and a detached 2 bedroom/1 bath house. The asset includes 11-12 on-site parking spaces, along with ample street parking. This property offers strong in-place financial metrics at a 5.22% cap rate with additional room for growth. An investor looking to maximize returns might consider renovating the units, which could achieve a pro forma cap rate of 6.45%, excluding renovation costs. The detached house could receive a fully fenced yard and private driveway to maximize rental income.

  • Address 2642 44th Street
  • City San Diego
  • State/county CA
  • Zip/Postal Code 92105
  • Area 92105 - East San Diego
  • Country United States

Details

Updated on September 25, 2024 at 4:18 pm
  • Property ID: 4377759
  • Price: $2,475,000
  • Land Area: 9391.00 Sqft
  • Garage: 0.00
  • Year Built: 1984
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 6185.00
  • MLS#: PTP2405613
  • Office Name: COMMERCIAL ASSET ADVISORS
  • Agent Name: Maxwell Brown
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 02127395
  • IDX Contact Info: [email protected]

Additional details

  • Sewer: Public Sewer
  • County: San Diego
  • Parking: 0.00

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