3470 Monroe Ave
San Diego, CA 92116
Multifamily Property For Sale · 8 Units

The Zorbas Group is pleased to present our market positioning and pricing analysis of 3470 Monroe street in the Normal Heights neighborhood of San Diego, CA. Built by Ray Huffman Construction in 1970, the 8-unit property is comprised of a 2-story wood frame building with a concrete slab foundation. The unit mix consists of five one-bedroom/one-bath apartments, two two-bedroom/one-bath, and one two-bedroom/one and a half-bath apartments. The unit interiors feature remodeled hardwood floors, quartz counter tops, stainless steel appliances, and kitchen and bathroom cabinets. The property has new plumbing, energy efficient lights, windows, doors and sliders. Other attributes include onsite laundry and abundant parking for tenants. Normal Heights is a highly desirable neighborhood located between Interstates 805 and 15 bordered by Mission Valley to the North and El Cajon Boulevard to the South. With an array of local eateries, bars, and unique thrift stores, this neighborhood has been seeing rapid growth over the past year and is becoming one of the most coveted locations for renters. This building lends investors the opportunity to acquire a fully rehabbed asset with value add opportunity in one of San Diego's most desired rental markets. Offered free-and-clear of debt, allowing investors the opportunity to take advantage of todays historically low interest rates.