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Browse More Listings in Multifamily For Sale, San Diego, CA or California

Multifamily Property For Sale

4646 PARK BLVD

4646 PARK BLVD, San Diego, CA 92116

Price:
$999,999
No. Units:
8
Building Size:
4,800 SF
Price/Unit:
$124,999.88
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Retail (Other)
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
3%
Cap Rate:
7.77%
Gross Rent Multiplier:
7.17
Occupancy:
37%
No. Stories:
2
Lot Size:
7,209 SF
Tax ID / APN #:
445-041-21-00
Find Out More...

Last Verified 11/18/2009 Listing ID 16409495

Highlights

Located in the heart of University Heights on Park Blvd and Adams Ave
Value added opprotunity
7.07% CAP

Off street parking
Mixed use - 2 retail spaces and 6 apratments
Joint Venture Opportunity

Description

Located in the heart of University Heights near Adams Ave and Park Blvd. this is a tremendous opportunity for an investor to restore and fully occupy the charming building. The Property is a mixed use location with 2 retail spaces and 6 apartments. Built approximately 100 years ago this property allows for alley access parking. Seller will consider joint venture to rehabilitate the property at $549,000 for a 49% interest in the property. PLEASE DRIVE BY ONLY- DO NOT DISTURB TENANTS. Property shown with acceptable offer. Buyer to verify financials, zoning & all property information.

University Heights is a very desirable neighborhood-walking distance to restaurants, shops, & Community Park. Conveniently located close to downtown, airport, beaches, Balboa Park, Mission Valley, Stadiums & much more.

Financial Summary

Unit Mix Information

Proforma
Scheduled Gross Income
$129,576
Operating Expenses
$51,830
Net Operating Income
$77,746

Description	No. Units
retail	2
sudio w/balcony	2
studio	2
1 bd/1ba w/ patio	2

Map of 4646 PARK BLVD, San Diego, CA 92116 (San Diego County)

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Presented by

Venture Pacific Properties

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Contact Listing Broker

jason lipovsky (858) 538-7774

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Created 9/25/2009

Additional Information for 4646 Park Boulevard, San Diego, CA 92116

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 4646 PARK BLVD

4646 PARK BLVD, San Diego, CA, 92116