Description
Situated in the hour glass of North Park, this well-maintained 7-unit apartment property offers a rare investment opportunity with immediate upside. With two vacant units and all tenants on month-to-month leases, new ownership can capitalize on strong existing financials while increasing rents to market rate. The 7,000 SF lot and favorable zoning present potential for ADU development (buyer to verify). The property features 11 bedrooms, 8 bathrooms, off-street parking, and is located just minutes from some of San Diego’s best dining, shopping, and nightlife. A turn-key asset with day-one value-add potential in one of San Diego’s most desirable rental markets.
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11BEDS
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0.16ACRES
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10BATHS
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01/2 BATHS
School Ratings & Info
Description
Situated in the hour glass of North Park, this well-maintained 7-unit apartment property offers a rare investment opportunity with immediate upside. With two vacant units and all tenants on month-to-month leases, new ownership can capitalize on strong existing financials while increasing rents to market rate. The 7,000 SF lot and favorable zoning present potential for ADU development (buyer to verify). The property features 11 bedrooms, 8 bathrooms, off-street parking, and is located just minutes from some of San Diego’s best dining, shopping, and nightlife. A turn-key asset with day-one value-add potential in one of San Diego’s most desirable rental markets.
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