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2621-2629 1st Ave
San Diego, CA 92103
Palms Apartments · Multifamily Property For Sale
·
12 Units
Investment Highlights
- 12-unit apartment community in the desirable Bankers Hill neighborhood of San Diego
- Recently repiped water lines and updated electrical systems and panels
- Attractive unit mix: 1 Studio, 10 One-Bedroom/One-Bath, 1 Two-Bedroom/One-Bath
- Strong value-add opportunity: modernize kitchens, baths, flooring, and fixtures to bring units up to market standards
- RUBS (Ratio Utility Billing System) in-place, supplementing property income
- Select units feature upgraded flooring, new water heaters, A/C, ranges, and refrigerators
Property Facts
| No. Units | 12 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 6,870 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | ||
| Zoning | C - Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,870 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | C - Commercial |
Amenities
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 10 | - | 550 |
| 2+1 | 1 | - | 900 |
Property Taxes
| Parcel Number | 452-705-03 | Improvements Assessment | $700,000 |
| Land Assessment | $3,225,000 | Total Assessment | $3,925,000 |
Property Taxes
Parcel Number
452-705-03
Land Assessment
$3,225,000
Improvements Assessment
$700,000
Total Assessment
$3,925,000
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