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Key Details
Sold Price $3,375,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220019166
Sold Date 09/28/22
Lot Size 7,004 Sqft
Acres 0.16
Property Sub-Type Apartment
Property Description
-Prime Central San Diego Location North Park -Value-Add Opportunity (60% Upside in Rents) -Excellent Unit Mix of 1Bdrm & 3Bdrm Units -High Demand Rental Market -Garages and Off-Street Parking -Spacious Floor Plans -Easy Access to Local Services and Major Freeways -Located Near Shops, Restaurants and Transportation The Idaho Street Apartments, a nine (9) unit apartment complex in North Park, San Diego, represents a unique value-add investment opportunity. There is substantial upside in rental income (approximately 60%). The subject property is located on a 7,004sf lot consisting of three (3) 3bedroom / 1.5bathroom and six (6) 1bedroom / 1bathroom units. The property has ample off- street parking plus two (2) double-car garages. ***The identical building located at 4152 Iowa Street is also listed for sale and can be sold to the same buyer for a total of 18-Units.*** Ideal value-add opportunity located in one of San Diego's best rental markets.
Location
State CA
County San Diego
Area North Park (92104)
Zoning RM-3-9
Interior
Heating Other/Remarks
Cooling Wall/Window
Flooring Other/Remarks
Exterior
Exterior Feature Remarks
Parking Features Garages, Spaces
Roof Type Wood
Total Parking Spaces 11
Building
Story 2
Lot Size Range .25 Acres or less
Others
Acceptable Financing Other/Remarks
Space Rent $159,300
Listing Terms Other/Remarks
Financing Cash to New Loan
Special Listing Condition Call Agent
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Bought with Florian P Sighe • The Browar Group