4121 Utah St 4121 Utah St 6 Unit Apartment Building $2,395,000 ($399,167/Unit) 4.51% Cap Rate San Diego, CA 92104

We are pleased to present 4121 Utah Street - a unique investment opportunity with a highly coveted unit mix in one of San Diego’s most vibrant neighborhoods. Nestled in North Park, this newly constructed asset prides itself as a “Walker’s Paradise” and it’s convenient location to employment hubs and attractions has renters racing to call it home.
Appealing to a diverse range of tenants, the unit mix features five (5) one-bedroom / one-bathroom units ranging from 416 square feet to 445 square feet and one single-story (1) two-bedroom / one-bathroom units totaling at 684 square feet. The total rentable square footage is 2,793 square feet. The property is approximately 0.9 miles from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa.
This property presents a unique opportunity for an investor to purchase a recently constructed luxury asset in North Park, one of the strongest submarkets at the forefront of rental growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley, Interstate 805, Interstate 8, and Highway 163. The newly constructed homes at 4121 Utah St include ample parking with EV chargers. These modern touches enhance the living experience, creating a stylish and comfortable atmosphere for residents. Boasting these amenities makes 4121 Utah Street highly desirable for the new owner and residents alike.