1915-1921 4th Ave | San Diego, CA 92101
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- LoopNet Team
1915-1921 4th Ave
San Diego, CA 92101
Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- 4.00% ProForma CAP Rate / Offering actual CAP Rate of 2.83% / Major upside in rental income / 0.115 acre lot
- Studio leasing at an average rate of $1,800/month in Bankers Hill / 1 Bedroom units are leasing at an average rate of +$2,400/month in Bankers Hill
- There are several notable developments in the San Diego area, particularly near Bankers Hill, and some linked to SDSU (San Diego State University).
- First time to the market in 25+ years / Excellent unit mix of studios, 1 bedroom units and 2 bedroom units.
- 2 Bedroom units are leasing at an average rate of $2,800/month in Bankers Hill
- Redevelopment Potential / Multifamily Options / Opportunities to utilize San Diego’s density bonus program to build larger projects.
PROPERTY FACTS
| No. Units | 11 | Building Size | 6,700 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 0.36/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | CV-4, San Diego | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,700 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.36/1,000 SF |
| Zoning | CV-4, San Diego |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,675 | - |
| 1+1 | 7 | $2,098 | - |
| 2+1 | 2 | $2,475 | - |
PROPERTY TAXES
| Parcel Number | 533-292-05 | Improvements Assessment | $399,181 |
| Land Assessment | $279,421 | Total Assessment | $678,602 |
PROPERTY TAXES
Parcel Number
533-292-05
Land Assessment
$279,421
Improvements Assessment
$399,181
Total Assessment
$678,602
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