3853-65 Cherokee Avenue, San Diego, 92104

NEWCommercial - Com-Res Income For Sale

$2,995,000

Beds
Baths
Sqft
.32Acres
Built
2DOM
MLS® #: 200021536
ACTIVE, 2 Days on Market

Pleased to present for sale the Urban Heights apartments in Cherokee Point, San Diego. At a 5.9 cap, Urban Heights presents itself as the best income producing asset on the market, by far. The 100% fully renovated and turnkey asset is comprised of 13 legal units on 2 adjoining parcels: 11 units on one and a duplex on the other. 2 extra units (a legal office and a garage) have been converted to studios, making 15 units. All 15 units that make up the asset have undergone $600k worth of extensive remodeling efforts in late 2019 and 2020. With separate APNs (4474720500 included in sale), the duplex can be sold individually. The properties boast ample off-street parking for all 15 units, including a standalone garage for the duplex. With a Walk Score of 91, Urban Heights contributes to a great sense of community for the tenants. A stone’s throw over the 805 to North Park allow for endless dining, shopping, nightlife and many more amenities.

Essential Information

MLS® #: 200021536
Price: $2,995,000
Acres: 0.32
Type: Commercial
Sub-Type: Com-Res Income
Status: ACTIVE

Community Information

Address: 3853-65 Cherokee Avenue
Area: NORTH PARK (92104)
City: San Diego
County: San Diego
State: CA
Zip Code: 92104

Interior

# of Stories: 2

Additional Information

Date Listed: May 12th, 2020
Days on Market: 2

Listing Details

Listing Office: The Browar Group

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Compass

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 June 1st, 2020 at 5:30am 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 June 1st, 2020 at 5:30am PDT.