3185 Madison Ave
San Diego, CA 92116
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Immediate Rental Upside - TRUE Value-Add Property One Block from Adams Avenue.
- Walking Distance To Trendy Restaurants,Bars, Coffee Shops, Public Transportation and other Local Goods and Services
- Well Maintained by Proactive Property Management
- Most Affordable Units in Extremely High Demand Rental Sub-market of San Diego
- Consistently Low Vacancy Rates
Property Facts
| No. Units | 16 | Building Size | 4,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 2.92/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | RS-1-7 - Multiple Units allowed / grandfathered | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 2.92/1,000 SF |
| Zoning | RS-1-7 - Multiple Units allowed / grandfathered |
Amenities
Unit Amenities
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Range
- Vinyl Flooring
Site Amenities
- Laundry Facilities
About 3185 MADISON AVE , SAN DIEGO, CA 92116
South Coast Commercial, Inc. is proud to present this advantageously located and well cared for investment opportunity located at 3185 Madison Avenue in the Normal Heights neighborhood of San Diego. The Subject Property is a two story, single structure apartment building, consisting of 16 studio units totaling 4800 livable SF. Many units have been upgraded and each studio has a true full-size separate kitchen from the main living area, with counter space, a 4-burner range, and full-sized fridge for tenants to enjoy. Tenants also enjoy the extremely convenient one block walk to Adams Ave which hosts many trendy eateries, shops, and services. This property represents a unique opportunity to secure 16 affordable units in a extremely competitive / high demand rental market and easily capture market rents without spending significant moneys on remodeling.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | $1,198 | - |
Property Taxes
| Parcel Number | 447-513-25 | Improvements Assessment | $832,320 |
| Land Assessment | $3,121,200 | Total Assessment | $3,953,520 |
Property Taxes
