3770 42nd Street, East San Diego, CA 92105
- $2,400,000
- List Price
- $2,400,000
- Status
- ACTIVE
- MLS#
- 260015351SD
- Lot Size
- 7,070
- Acres
- 0.16
- Days on Market
- 35
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
Pleased to present this Garden Style 10 Unit Apartment Building located on the western side of City Heights, just a few blocks from the I-15 Interstate. The property offers a Walk Score of 88/100 and is conveniently situated near several grocery stores and restaurants. 3770 42nd Street provides access to multiple elementary, middle, and high schools within a short walk or drive. City Heights continues to improve year over year in terms of overall property conditions and tenant quality. This is the perfect “bread & butter” property that attracts quality tenants and should provide a stable, cash-flowing investment for the next owner. Significant capital improvements have been completed, including main and subpanel electrical replacements for insurance compliance, a roof approximately seven years old, and the recent replacement of more than half of the water heaters. SB 721 work has been completed, with a passing inspection report available upon completion of the final inspection scheduled for next week. The Property has been well maintained over the years by a well respected Property Management Company. The mix consists of 7 1BR/1Bath & Three 2BR/1Bath units. Nearby units are achieving rents approximately 10% higher.
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $214,183
- Operating Expense
- 68963
Listing courtesy of Listing Agent: Thomas McCartin (tmccartin@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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