Listing ID : 210011770
-
Beds
11 -
Structure / Lot Size
5,200 Sqft / 6,969 Sqft
Description
This multi-family apartment building investment located at 3820 40th Street in the heart of the city of San Diego. The investment is very close to major freeways and located in the up-and-coming neighborhood of Cherokee Point, a community of City Heights. The apartment building is comprised of 7 well-maintained units with a unit mix of 1BD, 2BD, and 3BD apartments adding up to a total of 5,200 rentable square feet. Built in 1977, the 100% leased apartment building has had many improvements done throughout the years. There is significant potential for rental income growth, since the rents are well below market. The subject property is centrally located off University Avenue and 40th Street with excellent access to City Height’s transportation corridors including highways 15, 805 and 8. and easy public transportation. The property is within close proximity to shopping, restaurants, parks and schools with easy public transportation making the investment property desirable for existing and future tenancies.
Details
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Area Information 92105
Population:
49.89%Female
70.17%Rented
3.57%Vacant
6.29%Associate
14.59%Bachelor
5.35%Graduate
History
| Date | Transaction | Price | Mortgage Amt & Lender |
|
Date
Jun 01, 2021
|
Transaction
Sold - Residential Income Additional210011770
|
Price
$1,699,562
|
Mortgage Amt & Lender
-
-
|
|
Date
Dec 24, 2008
|
Transaction
Cancelled - Residential Income Additional80052437
|
Price
$795,000
|
Mortgage Amt & Lender
-
-
|
|
Date
Jul 01, 2008
|
Transaction
Expired - Residential Income Additional86008756
|
Price
$795,000
|
Mortgage Amt & Lender
-
-
|
|
Date
Feb 03, 2008
|
Transaction
Cancelled - Residential Income Additional86008759
|
Price
$795,000
|
Mortgage Amt & Lender
-
-
|
|
Date
Feb 01, 2008
|
Transaction
Expired - Residential Income Additional76049372
|
Price
$995,000
|
Mortgage Amt & Lender
-
-
|
