4109 Park Pl, San Diego, CA 92116

$3,850,000
List Price
$3,850,000
Status
ACTIVE
MLS#
220027944SD
Lot Size
5,971
Acres
0.14
Days on Market
17
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

We are pleased to present this opportunity to acquire a 7-unit apartment complex located in the Kensington neighborhood of San Diego. The property was newly remodeled and features an ideal unit mix of one (1) two- bedroom/two-bath, two (2) two-bedroom/ one-bath, four (4) one-bedroom/one-bath units totaling approximately 4,735 square feet. New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. An investor has the opportunity to add an ADU in the garage to increase gross rents over 15%. The Park Place apartments are adjacent to Kensington Park and one block from Adams Avenue. From fine dining, coffee shops, to amazing schools, Kensington has something for everyone. With most properties in this area being single family homes, this asset offers the investor a unique opportunity to corner the market. This is an absolute must see asset with many improvements made to the interior and exterior of the property. The Park Place apartments have a central location that is near Kensington Village, Starbucks, Ponce’s, and many other restaurants. Amenities: BBQ

Additional Information

Attached Structure
Detached
Number Of Units Total
7
Gross Scheduled Income
$226,500
Operating Expense
73470

Listing courtesy of Listing Agent: Jonathan Minerick (Info@homecoin.com) from Listing Office: HomeCoin.com.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.