2241 4th Avenue, Mission Hills, CA 92103

List Price
Days on Market
Property Type
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Mixed Use

Property Description

This Property is comprised of two parcels We are pleased to present Casa Blanca (the “Property”), an attractive rental community located in Bankers Hill in San Diego, California. The offering presents real estate investors the opportunity to acquire a turn-key stabilized real estate asset that has been professionally managed and meticulously remodeled while still preserving the charm and historical features of that era - featuring claw foot bathtubs, original ice boxes for extra storage, and hardwood flooring in select units. This listing is being offered with attractive, in-place assumable financing. The Property consists of 38 units, spread out across two parcels totaling 15,777 square feet. The Property was extensively renovated in 2018 and is well-maintained by the current ownership. Casa Blanca units are comprised of ten (10) one-bedroom / one-bath units and twenty-eight (28) studios. The Property provides tenants with secure gate entry with code access, a common area BBQ, dog wash, common area games, bike racks, and modern laundry facilities - featuring smartphone pay. Unit 101 offers an in-unit washer and dryer. The design and aesthetics of the courtyard offer the tenants an enjoyable place to relax and mingle. The substantial renovation of the property consisted of both the exterior of the building and totaled a little under $2M. The exterior renovations include - branding signage, a new roof, paint, and fencing. The interiors were appointed with - cabinets, quartz countertops, and stainless steel appliances, and designer fixtures, ceiling fans and more.

Additional Information

Attached Structure
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Listing courtesy of Listing Agent: Bill Anderson (wanderson@AcreCommercial.com) from Listing Office: Acre Investment Real Estate.

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Calculator source: Real Geeks

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.