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Nok Nok North Par 4384 Hamilton St 28 Unit Apartment Building $10,900,000 ($389,286/Unit) San Diego, CA 92104



Investment Highlights
- Walker's Paradise: 93 Walk Score
- Adjacent to Bus Rapid Transit (BRT)
- Affluent Neighborhood Demographics: $114,240 (avg. household income), $1.1M (median home sale price)
- Located in San Diego's Most Authentic Neighborhood
- Within three minutes of the I-805 onramp, providing access to San Diego's key employment centers within a 15-minute commute
- Exempt from California Rent Control AB 1482
Executive Summary
Berkadia is pleased to present the opportunity to acquire Nok Nok North Park, a 28-unit, mixed-use opportunity in San Diego's highly sought-after North Park neighborhood. The property offers residents a compelling urban living experience, highlighted by an on-site coffee shop and a Walk Score of 93, providing immediate access to an array of dining, retail, and lifestyle amenities. Nok Nok North Park is also situated just three minutes from the I-805 on-ramp, offering convenient connectivity to San Diego’s major employment centers and premier lifestyle destinations.
GUIDELINES & LIMITING CONDITIONS: The Nok Nok Apartments (the “Property”) is currently the subject of a Partition proceeding in the San Diego County Superior Court (the "Court”), Case No. 25CU049856C (Consolidated w/ 25CU055868C). The Property, located at 4384 Hamilton Street, San Diego, CA 92104, is being sold subject to Court approval by and through Douglas Wilson, solely in its representative capacity as court-appointed Partition Referee (the “Referee”). The Referee has hired Berkadia Real Estate Advisors as the exclusive marketing agent for the Property (the “Broker”). Any sale of the Property must be approved by the Court, which approval shall be a precondition to closing. The Referee in its sole and absolute discretion may consider any other criteria it deems relevant as to whether a bid is a Qualified Bid. Further, the Referee may at any time and for any reason accept, reject, or counter any offer. The Referee, in its sole discretion may at any time and for any reason, elect not to sell the Property.
GUIDELINES & LIMITING CONDITIONS: The Nok Nok Apartments (the “Property”) is currently the subject of a Partition proceeding in the San Diego County Superior Court (the "Court”), Case No. 25CU049856C (Consolidated w/ 25CU055868C). The Property, located at 4384 Hamilton Street, San Diego, CA 92104, is being sold subject to Court approval by and through Douglas Wilson, solely in its representative capacity as court-appointed Partition Referee (the “Referee”). The Referee has hired Berkadia Real Estate Advisors as the exclusive marketing agent for the Property (the “Broker”). Any sale of the Property must be approved by the Court, which approval shall be a precondition to closing. The Referee in its sole and absolute discretion may consider any other criteria it deems relevant as to whether a bid is a Qualified Bid. Further, the Referee may at any time and for any reason accept, reject, or counter any offer. The Referee, in its sole discretion may at any time and for any reason, elect not to sell the Property.
Property Facts
| Price | $10,900,000 | Building Class | B |
| Price Per Unit | $389,286 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 20,314 SF |
| No. Units | 28 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2023 |
| Apartment Style | Mid-Rise | ||
| Zoning | R-4 - Residential | ||
| Price | $10,900,000 |
| Price Per Unit | $389,286 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 20,314 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2023 |
| Zoning | R-4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Oven
- Tub/Shower
- Pantry
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | $2,054 | 393 |
| Studios | 1 | $1,275 | 372 |
| 1+1 | 2 | $2,123 | 470 |
| 1+2 | 2 | $2,695 | 664 |
| 1+1.5 | 5 | $2,850 | 785 |
| 2+1.5 | 1 | $3,495 | 1,247 |
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 445-351-24 | Improvements Assessment | $5,100,000 |
| Land Assessment | $804,617 | Total Assessment | $5,904,617 |
Property Taxes
Parcel Number
445-351-24
Land Assessment
$804,617
Improvements Assessment
$5,100,000
Total Assessment
$5,904,617
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Nok Nok North Par | 4384 Hamilton St
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