4053-4055 Hamilton St 15 Unit Apartment Building $4,200,000 ($280,000/Unit) 3.70% Cap Rate San Diego, CA 92104

CBRE proudly presents for sale 4053-4055 Hamilton St, a meticulously maintained 15-unit garden-style apartment complex nestled in the heart of North Park, San Diego,
CA. This vibrant community features twelve studios (355 sq ft), one 1-bedroom/1-bath unit (600 sq ft), and two standalone 2-bedroom/1-bath houses (625 sq ft & 800 sq ft).
Residents enjoy the convenience of onsite laundry, expansive outdoor spaces, verdant surroundings, and secure entry. Situated near North Park Community Park, Balboa Park/
Morley Sports Complex, and a variety of dining, nightlife, and entertainment options, this community boasts a “Walk Score” of 94— deemed a “Walker’s Paradise.” With
convenient access to the 163 and 805 freeways, residents can capitalize on quick routes for commuting, beach trips, or exploring the city.
These charming residences feature a stylish blend of vinyl plank flooring, tile, and carpet, with bathrooms displaying elegantly tiled shower enclosures. Nearly half of the units
showcase modern white soft-close cabinets in spacious kitchens complemented by a variety of Formica countertops, ranging from classic to luxurious. This property presents
a prime opportunity for value-add investors looking to significantly increase rental income through interior renovations.
Nestled within North Park’s dynamic and thriving neighborhood, residents enjoy a privileged location amid recent development and revitalization efforts. The area boasts trendy restaurants, craft breweries, boutique shops, and art galleries that make North Park a hub of creativity and culinary delights, attracting both locals and visitors. Spearheaded by the North Park Main Street organization, community initiatives have enhanced the neighborhood with aesthetic streetscapes, improved walkability, and strong support for local businesses. North Park offers diverse attractions such as the historic North Park Theatre and the Ray Street Arts District, hosting monthly art walks and showcasing local talent. Abundant green spaces provide opportunities for outdoor activities, while the vibrant nightlife scene with an array of bars and music venues adds to the area’s allure. North Park continues to draw significant real estate interest and ongoing development, emerging as one of San Diego’s most exciting neighborhoods—a perfect blend of urban amenities, cultural attractions, and outdoor recreation. With its indispensable North Park location, lush flora, a unit mix designed to meet the rental demographic’s demand, and owner’s capacity to aesthetically enhance the interiors, 4053-4055 Hamilton poses as a rare opportunity for an investor take advantage of the premiere location and high rental demand and upside of this complex, providing reliable income for years to come.