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Sunshine Apartments 4226 Utah St 26 Unit Apartment Building $6,800,000 ($261,538/Unit) 5.10% Cap Rate San Diego, CA 92104
EXECUTIVE SUMMARY
BACK ON MARKET!!! $400K PRICE REDUCTION!!!
***Excellent Investment Opportunity / 26 Unit Senior Building in North Park***
Sunshine Apartments offers 26 one-bedroom/one-bath units and 12
parking spaces. Residents enjoy convenient elevator access and close
proximity to an array of shops and restaurants. The property is also a short
drive to downtown and Balboa Park, and in walking distance to the iconic
North Park Water Tower, North Park Community Park, and North Park
Recreation Center. This is an exceptional investment opportunity in one of
San Diego's most sought-after and rapidly developing neighborhoods.
***Excellent Investment Opportunity / 26 Unit Senior Building in North Park***
Sunshine Apartments offers 26 one-bedroom/one-bath units and 12
parking spaces. Residents enjoy convenient elevator access and close
proximity to an array of shops and restaurants. The property is also a short
drive to downtown and Balboa Park, and in walking distance to the iconic
North Park Water Tower, North Park Community Park, and North Park
Recreation Center. This is an exceptional investment opportunity in one of
San Diego's most sought-after and rapidly developing neighborhoods.
DATA ROOM Click Here to Access
- Operating and Financials
- Miscellaneous
PROPERTY FACTS
| Price | $6,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $261,538 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.10% | Building Size | 15,600 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 96% |
| Gross Rent Multiplier | 13 | No. Stories | 3 |
| No. Units | 26 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 0.83/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MR8B, San Diego | ||
| Price | $6,800,000 |
| Price Per Unit | $261,538 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 15,600 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | MR8B, San Diego |
AMENITIES
UNIT AMENITIES
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Laundry Service
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | $1,650 | 550 |
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Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 445-432-17 | Improvements Assessment | $3,017,520 |
| Land Assessment | $2,901,463 | Total Assessment | $5,918,983 |
PROPERTY TAXES
Parcel Number
445-432-17
Land Assessment
$2,901,463
Improvements Assessment
$3,017,520
Total Assessment
$5,918,983
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Sunshine Apartments | 4226 Utah St
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