Sold

Private Address

$3,375,000


Sold

Commercial

Listed by James Carter with Apartment Realty Group (ARG) 619-222-9500

-Prime Central San Diego Location - North Park -Value-Add Opportunity (78% Upside in Rents) -Excellent Unit Mix of 1Bdrm & 3Bdrm Units -High Demand Rental Market -Garages and Off-Street Parking -Spacious Floor Plans -Easy Access to Local Services and Major Freeways -Located Near Shops, Restaurants and Transportation The Iowa Street Apartments, a nine (9) unit apartment complex in North Park, San Diego, represents a unique value-add investment opportunity. There is substantial upside in rental income (approximately78%). The subject property is located on a 7,004sf lot consisting of three (3) 3bedroom /1.5bathroom and six(6)1bedroom /1bathroom units. The property has ample off-street parking plus two (2) double-car garages. ***The identical building located at 3960 Idaho Street is also listed for sale and can be sold to the same buyer for a total of 18-Units.*** Ideal value-add opportunity located in one of San Diego's best rental markets.

220019167SD

MLS ID

July 22, 2022

Listed

March 23, 2024

Updated

Map

Private Address

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

See Remarks

Exterior/Building Features

Lot Size

0.16 Acres


Roof

Composition

Other Property Details

Area Name

92104 - North Park


Days on Market

6


Garage

No


Parking Total

11


View

No


County

San Diego


Pool

No


Zoning

RM-3-7


Buyer Agency Compensation

1.5%

Listing Contact: 619-222-9500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:45 AM UTC

 

Powered byLuxury Presence