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Glen Henderson

[email protected] +1(619) 889-7646

$1,125,000

Est. payment - /mo

6 Beds

6 Baths

3,138 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,138 sqft

Price per Sqft $358

MLS Listing ID 260019588

Bedrooms 6

Full Baths 6

Lot Size 6,258 Sqft

Property Sub-Type Com-Res Income

Property Type Com-Res Income

Property Description

4262–4266 Chamoune Avenue presents an opportunity to acquire a five-unit multifamily property in San Diego's City Heights neighborhood. Built in 1958, the property consists of approximately 3,138 square feet of improvements situated on a 6,258-square-foot lot. Originally a four-unit property, a former garage was converted into an ADU, creating the current five-unit configuration. The property features a highly desirable and diversified unit mix consisting of a three-bedroom/two-bath detached house, three one-bedroom/one-bath units, and one studio. The property offers a low-density residential setting with multiple structures, off-street parking, substantial paved common areas, private and semi-private outdoor spaces, and on-site laundry. The configuration provides residents with a more residential feel than a typical apartment building. The property is currently generating approximately $9,101 per month in base rental income, with additional RUBS income of approximately $256 per month. Current rents provide an investor with solid in-place cash flow while offering additional upside through future rent increases and property improvements. With its desirable unit mix, strong current income, off-street parking and value-add potential, 4262–4266 Chamoune Avenue represents an attractive opportunity for an investor seeking a well-located San Diego multifamily asset with both immediate income and long-term upside.

Location

State CA

County San Diego

Community Other/Remarks

Area Metro Uptown

Interior

Fireplace No

Exterior

View Y/N No

Total Parking Spaces 4

Building

Story 2

Others

Senior Community No

Tax ID 4712510800

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Listed by Dylan E Wright, DRE#01411216 MD Real Estate, Inc

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

4262 Chamoune San Diego, CA 92115

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information