3939 7th Avenue, Mission Hills, CA 92103
- $6,000,000
- List Price
- $6,000,000
- Status
- ACTIVE
- MLS#
- 230002134SD
- Lot Size
- 5,697
- Acres
- 0.13
- Days on Market
- 57
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING available at 3.89% fixed until December 2026. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $364,320
- Operating Expense
- 116229
Listing courtesy of Listing Agent: Benn Vogelsang (BennVogelsang@gmail.com) from Listing Office: NorthMarq Multifamily.
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