Multi Family SOLDS in San Diego

Multi Family SOLDS  in San Diego

Miuti-Family market remains strong in San Diego as the demand for homes rise in a area with a lack of inventory.  Here are a few of the significant sales sales in the last 30 days.

 

 

 

 

 

SOLD $4,000,000

We are pleased to present 4046-4054 43rd Street located in San Diego, California. The 22-unit property was built in 1961 and has been well maintained and consistently updated by the current long term owner/operator. The apartments are situated on a 0.35 acre site comprised of two separate 7,000 square foot parcels of land. The property consists of two mirrored buildings creating a central, controlled access, courtyard. The 2, two story buildings offer a competitive unit mix comprised of 18 - 1 bed/1 bath units in 2 efficient and functional floor plans and 4 - 2 bed/1 bath units totaling 11,288 rentable square feet. Residents enjoy the on-site parking and laundry facilities that are offered as well.
SOLD $765,000

Prime location in Alpine w great exposure to high traffic! This 5 Unit mixed use is perfect for investor or owner user. This building is located in the middle of Alpine Blvd which brings tons of exposure to the property. There are 2 commercial units downstairs and 1 residential apartment downstairs and 2 apartment units upstairs. Great parking and easy access for business owners!
SOLD $3,275,000

PRICE REDUCED! Property is being sold as is. It has code violations and needs work. This is an opportunity for an experienced investor who is willing to do substantial upgrades to reposition a building to rocket rents, operate at a lower cost and enjoy an attractive return. The property has plenty of parking spaces and has covered carport spaces on the first level. Leased laundry facilities that provide an additional income are also available on-site. Property is located in an opportunity zone in City Heights and has easy access to everything which makes the location more attractive to the rental community.
SOLD $3,730,000

2470 B Street is a building symbolizing the enriched history and charm of Golden Hill. Built in 1898 by the famous Quayle architects and meticulously maintained over time, the property is located on a section of Golden Hill that overlooks Coronado and Downtown, known as the “Slopes” to locals . The unit mix consists of spacious (4) two bedroom / one bath units, (7) one bedroom units, and (3) studios. Around 2000, the property went through extensive upgrades including kitchens, bathrooms, flooring, landscaping, plumbing, and electrical.
SOLD $7,050,000

PROBATE SALE: The Madrid, a 19-unit apartment community located in Pacific Beach, San Diego. Built in 1969, the Madrid offers residents large one-bedroom and two-bedroom, two-bath floor plans. This is a true value-add opportunity as the property is in original form, allowing a future investor to renovate the building and increase rents. The property is situated north of Grand and Garnet in the quiet residential neighborhood of North Pacific Beach near Kate Sessions park.
SOLD $1,815,000

INCREDIBLE find! Beautifully maintained units - 8 Units total - 6 bungalows 1 bed 1 bath detached and a LARGE 2 bedroom 1 bath and larger 1 bedroom 1 bath unit. 8 Garages attached, court yard, privacy, gated entrance. Current rents are substantially below market with HUGE potential. These units have been well maintained throughout the years. Located north of El Cajon Blvd. Owners have owned these units for years. Close to shopping, bus service, restaurants, schools and easy access to freeways.
SOLD $1,900,000

We are pleased to present 3470 Monroe street in the Normal Heights neighborhood of San Diego, CA. Built by Ray Huffman Construction in 1970, the 8-unit property is comprised of a 2-story wood frame building with a concrete slab foundation. The unit mix consists of five one-bedroom/one-bath apartments, two two-bedroom/one-bath, and one two-bedroom/one and a half-bath apartments. The unit interiors feature remodeled hardwood floors, quartz counter tops, stainless steel appliances, and kitchen and bathroom cabinets.
SOLD $1,091,509

NORTH SAN DIEGO COUNTY. ATTRACTIVE 3.9% ASSUMABLE LOAN. 830 E Washington Ave is a 9 unit apartment property located in the city of Escondido, within close proximity to schools, shopping along Grand Ave, Sprinter Light Rail, California Center for the Arts Escondido, Civic Center, and more. The property is on a large lot (20k+ SF) which includes 3 - two car garages and 1 - single car garage (total of 7 garage spaces), 8 - carports and several additional off-street parking spaces. Tenant’s also have additional storage for use in each carport. The property includes a community patio, shared grass area and on-site laundry facility. The unit mix includes 6 - 1BR/1BA units, 2 - 2BR/1BA single story units, and 1 - 2BR/2BA spacious unit.
SOLD $2,120,000

REDUCED nine residential units in the beautiful community of Crown Point in Pacific Beach, San Diego. The investment opportunity offers an in-demand location with an attractive upside potential. The subject property consists of eight studio units approximately 300 square feet in size and one three bedroom one bath house approximately 950 square feet in size. Each studio has a designated kitchen and bathroom space as well as surface parking in front of the building and current rents include all utilities. The house features a manicured front lawn and an attached laundry room.