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4053 8th Ave
San Diego, CA 92103
Melrose Canyon Apartments · Multifamily Property For Sale
·
52 Units
Investment Highlights
- Hillcrest Location With High Barriers to Entry
- Access to Major Employment Centers and Medical Clusters
- Value Add Offering With 8 Units Intentionally Held Vacant and a 52% Rental Upside
- Strong Unit Mix of 3, 2, and 1-Bedroom Units
- Excellent Multifamily Rental Market Fundamentals
- Complete Communities Development Potential
Property Facts
| No. Units | 52 | Construction Status | Under Renovation |
| Property Type | Multifamily | Building Size | 39,525 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1970/2026 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.82 AC | ||
| Zoning | MR8B, San Diego | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.82 AC |
| Construction Status | Under Renovation |
| Building Size | 39,525 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1970/2026 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | MR8B, San Diego |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Carpet
- Freezer
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Gated
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 425 |
| 1+1 | 35 | - | 644 |
| 2+2 | 13 | - | 974 |
| 3+2 | 3 | - | 1,250 |
Property Taxes
| Parcel Number | 444-560-25 | Improvements Assessment | $9,792,000 |
| Land Assessment | $6,528,000 | Total Assessment | $16,320,000 |
Property Taxes
Parcel Number
444-560-25
Land Assessment
$6,528,000
Improvements Assessment
$9,792,000
Total Assessment
$16,320,000
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