Property Features:
Investment Opportunity
Approx. 6,838 SF 7-Unit Apartment Building Located on .16 AC Lot
6 Garage Spaces & ± 1,137 SF Potential for Adding ADU’s
Potential to Add 3 ADU Units Increasing Total Monthly Income by $5,400
APN: 445-362-05
Backflow Redone, Gutters All Around
Individual Hot Water Heaters, Not Separately Metered
All Units Have Fire Places
Electric Wall Heaters, Smoke Alarms are Hardwired
93 Walk Score
Financials:
Asking Price: $3,200,000 ($457,143/Unit)
Current CAP Rate: 1.5%
Proforma CAP Rate: 5.8%
Current CRM: 26.9
Proforma GRM: 12.4
Zoning:
RM-3-9: 600 SF/DU
Allows for 11 Units
Complete Community Housing Solutions
FAR Tier 3: 6.5 FAR, Consistent with North Park Land Use
Transit Area Overlay Zone
FOR MORE INFORMATION, PLEASE CONTACT:
Michael Glickstein, CCIM
Broker Associate | Lic. # 01075370
Direct (619) 379-3337
Office (619) 469-3600
Michael@PacificCoastCommercial.com
Jacob Liebermensch
Sales Associate | Lic. # 02194170
Jacob@PacificCoastCommercial.com
The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt Its accuracy, but we do not guarantee it. All information including zoning and use should be verified prior to purchase or lease.
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