New On Market! 7-Unit Apartment Building


Download Marketing Brochure


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.