2073 San Diego Ave

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Address: 2073 San Diego Ave, San Diego, CA 92110, USA
Created date: May 8, 2024
Date last updated: May 8, 2024

Property Description

Marcus and Millichap is pleased to present 2073-77 San Diego Avenue, a 6-unit complex in the popular neighborhood of Mission Hills located north of downtown, San Diego. This 1954-built complex has unique and desirable terraced curb appeal resting on a 5,085 square foot lot. The two-story building features one structure with five 1-bedroom/1-bath units (approximately 460 square feet) and a single studio/1- bath unit (approximately 400 square feet). Four of the six units have been outfitted with new wood grain tile flooring, stainless steel appliances, modern gray cabinets, quartz counter tops, mirrored closet doors, subway tiled shower walls, and chic gray vanities. One of the units has received a new tankless water heater, a new 75-gallon heater for three of the units and there are two 29-gallon heaters for the remaining 2 units. There is an on-site laundry room leased from WASH and under-building storage area. The roof is approximately 12 years old, foundation in solid condition and copper water supply. Newer dual pain windows have been outfitted and units are sealed off tightly and experience little to no noise from the nearby freeway. The property enjoys lush landscaping, seven off-street parking spaces and an opportunity to turn the private courtyard area into something of better use for the tenants.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $1,825,000
No. of Units: 6
Cap Rate: 3.4%
GRM /GIM: 17.52
Year Built: 1954
Building Size: 2,704 Sq ft
Lot Size: 5,085.00 Sq ft
Opportunity Zone: No
Price per unit: $304,167
Address: 2073 San Diego Ave, San Diego, CA 92110, USA

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