$1,320,000
$1,399,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
SOLD DATE : 07/01/2025
Key Details
Sold Price $1,320,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 250028709
Sold Date 07/01/25
Bedrooms 8
Year Built 1964
Lot Dimensions 12558
Property Sub-Type Res Income 2-4 Units
Property Description
Incredible investment opportunity with strong cash flow in this fully rented four-unit property generating $10,000 per month in gross rental income. Each unit has been tastefully renovated inside, offering updated interiors that appeal to quality tenants—who are all current on rent. The property also includes two garage structures that are not currently utilized by tenants, presenting a clear opportunity to increase income by renting out the garages or converting them into two additional units through ADU development. This property offers a 6.86% cap rate and an 11.67 GRM, providing solid day-one returns with upside potential through additional value-add strategies.
Location
State CA
County San Diego
Area Metro Uptown
Zoning RM-2-5
Interior
Cooling Other/Remarks, Wall/Window
Fireplace No
Exterior
Fence Full
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 472-730-07-00
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Bought with Monica Rose Anchor Funding, Inc.