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Isaac Lyon Building 1481-1499 J St 16 Unit Apartment Building For Sale San Diego, CA 92101
INVESTMENT HIGHLIGHTS
- Irreplaceable Location in Downtown San Diego
- Blocks to Petco Park and Other Attractions | Walk Score of 93
- Zoning Allows for Short Term Rentals
- Significant Property Tax Savings with Mills-Act Designation In-Place
- Fully Renovated "Turnkey" Property
- Downtown San Diego Thriving Employment Hub
EXECUTIVE SUMMARY
Berkadia is pleased to offer the exclusive opportunity to acquire a fully renovated 16-unit historic apartment building located in the booming East Village neighborhood of Downtown San Diego.
Continuously renovated and upgraded since 2012, Isaac Lyon provides an investor the opportunity to purchase a “turnkey” apartment building in an irreplaceable downtown location.
There are several new multifamily projects within a three-block radius that have recently been completed or are under construction. These new projects have dramatically improved the immediate neighborhood and are attract high quality tenants.
The property is comprised of 16 one-bedroom and studio units in two buildings located on a 4,552 square foot lot with 1 parking space.
Isaac Lyon boasts an exceptional and convenient location, providing accessibility to the exciting 24- hour live-work-play environment in Downtown San Diego. The location is convenient to the Trolley, I-5, SR-163 and 94-freeway.
Continuously renovated and upgraded since 2012, Isaac Lyon provides an investor the opportunity to purchase a “turnkey” apartment building in an irreplaceable downtown location.
There are several new multifamily projects within a three-block radius that have recently been completed or are under construction. These new projects have dramatically improved the immediate neighborhood and are attract high quality tenants.
The property is comprised of 16 one-bedroom and studio units in two buildings located on a 4,552 square foot lot with 1 parking space.
Isaac Lyon boasts an exceptional and convenient location, providing accessibility to the exciting 24- hour live-work-play environment in Downtown San Diego. The location is convenient to the Trolley, I-5, SR-163 and 94-freeway.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.10 AC |
| No. Units | 16 | Building Size | 4,951 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1887/2012 |
| Apartment Style | Low-Rise | Parking Ratio | 0.18/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,951 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1887/2012 |
| Parking Ratio | 0.18/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Oven
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,595 | 263 - 273 |
| 1+1 | 8 | $1,750 | 343 |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 535-396-04 | Improvements Assessment | $443,552 |
| Land Assessment | $665,327 | Total Assessment | $1,108,879 |
PROPERTY TAXES
Parcel Number
535-396-04
Land Assessment
$665,327
Improvements Assessment
$443,552
Total Assessment
$1,108,879
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Isaac Lyon Building | 1481-1499 J St
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