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$ 3,150,000
Est. payment | /mo
7,069 Sqft Lot
$ 3,150,000
Est. payment | /mo
7,069 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260022780SD
HOA Y/N No
Lot Size 7,069 Sqft
Property Sub-Type Mixed Use
Property Description
See OM! 4657 Felton Street, a 9-unit, 5,942-square-foot multifamily community located in the trendy neighborhood of Normal Heights, just steps from Adams Avenue entertainment, in San Diego. Originally constructed in 1969, the property was repositioned in 2018 with an extensive renovation plan to cater to today's top renters. The offering is priced at $3,150,000 at a 5.42% cap rate. The building consists of nine units across an efficient mix of two 2-bedroom / 1-bathroom units (approximately 825 SF) and seven 1-bedroom / 1-bathroom units (averaging 615 SF). Additionally, there are 9 off-street parking spaces, AC in all units, and a common laundry facility. This straightforward, highly usable layout caters to a broad urban tenant base and remains consistently attractive to renters in the submarket.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Interior
Fireplace No
Exterior
Total Parking Spaces 9
Others
Tax ID 43944227
Listed by Raymond Choi Marcus & Millichap #01297138
NEARBY SCHOOLS & PROPERTIES
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