3770 40th Street, San Diego, 92105

NEWCommercial - Com-Res Income For Sale

$2,400,000

Beds
Baths
Sqft
.16Acres
Built
1DOM
MLS® #: 200009027
ACTIVE, 1 Days on Market

Pleased to present for sale this 10 Unit Garden Style Apartment Building built in 1986 and located in the high demand Cherokee Point Rental Community of San Diego, CA. The subject property boasts convenient access to the 8, 15 and 805 Freeways. The property sits adjacent to the 15 Freeway but with the elevation the freeway traffic is practically muted.. The unit mix comprises eight (8) spacious 1BR/1BA units and two 2BR/1BA units. All of the units have been upgraded to some degree with modern flooring, cabinets, counter tops and windows. Seller is in the process of installing a new roof as well. A new Investor will be taking possession of a very well maintained building with little to no differed maintenance. With the new rent control bill a new owner will still be able to raise rents by more than 7% per year thus continuing to improve the cash on cash return for the investment. Currently Rents are about 13% below market.

Essential Information

MLS® #: 200009027
Price: $2,400,000
Acres: 0.16
Type: Commercial
Sub-Type: Com-Res Income
Status: ACTIVE

Community Information

Address: 3770 40th Street
Area: EAST SAN DIEGO (92105)
City: San Diego
County: San Diego
State: CA
Zip Code: 92105

Amenities

Parking Spaces: 10

Interior

# of Stories: 2

Additional Information

Date Listed: February 21st, 2020
Days on Market: 1
Zoning: R-3 RM

Listing Details

Listing Office: Marcus & Millichap

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

Listing information last updated on April 9th, 2020 at 9:45pm PDT.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

Listing information last updated on April 9th, 2020 at 9:45pm PDT.