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4726 Utah St 6 Unit Apartment Building $4,400,000 ($733,333/Unit) 4.21% Cap Rate San Diego, CA 92116



INVESTMENT HIGHLIGHTS
- 2019 Luxury Construction - Exempt from AB 1482 Rent Control for Nine More Years
- Prime North Park Location Near Numerous Attractions – Walkscore of 92
- All Units with Mini-Split Air Conditioning Systems & Full Size Washer/Dryers
- Large Loft-Style Apartment Units – 1,109 SF Average Size
- Three 1 bed / 1 Bath and Two 2 Bed /2 Bath Units + One Large Ground Floor Retail Space
- Secured Gated Parking with Eight (8) Surface Spaces
EXECUTIVE SUMMARY
CBRE is pleased to present 4726 Utah St, a luxury mixed-use property built in 2019 with five condo-quality apartment units and one retail space located in San Diego’s coveted North Park neighborhood.
The building boasts an exceptional unit mix of three (3) one-bedroom units and two (2) large two bedroom/ two bath units. Four of the units are loft style and average over 1,200 sf. One retail unit is at the ground level facing Utah St and is approximately 1,000 sf. Every unit takes advantage of open-concept floor plans that maximize space and comfort. Unit amenities include air-conditioning, full-size washer dryers, and private patios and/or balconies for select units. The property features secured gated parking with a total of 8 parking spaces: Four (4) tuck-under covered spaces and four (4) surface parking spaces. Additional on-site amenities for residents include secured bike parking as well as secured gated access for the entire property.
With a Walk Score of 92, the property is ideally situated in the upscale part on North Park just north of Adams Ave and just west of 30th St. The nearby intersection of Adams & 30th is where numerous leading restaurants and bars are located offering an attractive amenity for residents.
The building boasts an exceptional unit mix of three (3) one-bedroom units and two (2) large two bedroom/ two bath units. Four of the units are loft style and average over 1,200 sf. One retail unit is at the ground level facing Utah St and is approximately 1,000 sf. Every unit takes advantage of open-concept floor plans that maximize space and comfort. Unit amenities include air-conditioning, full-size washer dryers, and private patios and/or balconies for select units. The property features secured gated parking with a total of 8 parking spaces: Four (4) tuck-under covered spaces and four (4) surface parking spaces. Additional on-site amenities for residents include secured bike parking as well as secured gated access for the entire property.
With a Walk Score of 92, the property is ideally situated in the upscale part on North Park just north of Adams Ave and just west of 30th St. The nearby intersection of Adams & 30th is where numerous leading restaurants and bars are located offering an attractive amenity for residents.
PROPERTY FACTS
| Price | $4,400,000 | Building Class | B |
| Price Per Unit | $733,333 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,653 SF |
| Cap Rate | 4.21% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R2 - Multi-Family | ||
| Price | $4,400,000 |
| Price Per Unit | $733,333 |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 6,653 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2019 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R2 - Multi-Family |
AMENITIES
SITE AMENITIES
- Fenced Lot
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (78)
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4726 Utah St
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