REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,950,000
Est. payment | /mo
$ 4,950,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260019244SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
**24 Units, 6.50% CAP Rate, $206k/Unit** The Apartment Homes on Park Blvd is an incredible investment opportunity located in the heart of Downtown San Diego (East Village). Situated on a 5,130sf parcel, the property consists of eighteen (18) studio units, and (6) 1Bedroom / 1Bathroom units. Tenants enjoy a common area rooftop lounge and walkability to shops, restaurants, transit, and Petco Park (99 WalkScore). Located on the corner of Park Blvd & F St, this asset uniquely offers an investor the combination of high in-place cash flow, 20% upside in rental income, and a low price/unit with minimal property maintenance. This building is perfect for an investor looking for a central location with a high CAP rate.
Location
State CA
County San Diego
Area 92101 - San Diego Downtown
Interior
Fireplace No
Others
Tax ID 5343340700
Listed by Angelo La Bruna Apartment Realty Group (ARG) #01991625
Nearby Locations
Making real estate fast, fun, and stress-free!