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Multifamily

4157 Louisiana St

4157 Louisiana St, San Diego, CA 92104

Listing Price: $1,695,000

Cap Rate
3.25%
Number of Units
3
Price/Unit
$565,000
Price/Gross SF
$827.23
Gross SF
2,049

Investment Overview

4157-4159 Louisiana Street, a 2,049 square foot property set on a 3,492 square foot parcel. This property is legally a 3-unit apartment comprised of one studio, one 1-bedroom 1-bathroom, and one 3-bedroom 2-bathroom. The front two units, the studio and 1-bedroom 1-bathroom, were constructed in 1985. The 3-bedroom 2-bathroom unit, in the rear, is a newly constructed 2018 two-story building. Unit amenities include gated front entrance, washer & dryer hook ups, central air & heating, one 1-car garage, granite countertops, stainless steel appliances, dual pane windows, and LED lighting. Nestled away just off the corner of Howard Avenue on Louisiana Street, this asset is perfectly located for enjoying the many dining, shopping and entertainment options that have made the San Diego neighborhood of North Park famous. The endless outdoor dining options, the countless fun bars, entertainment options and restaurants along University Ave and El Cajon Blvd, and North Park Community Park are just a short walk away!

Investment Highlights

  • Exceptional value-add opportunity with significant upside
  • Excellent mix of (1) studio, (1) 1BD/1 BA, & (1) 3BD/2BA
  • Ideally located in the heart of North Park

Exclusively Listed By

Financing By

Multifamily

4157 Louisiana St

Listing Price: $1,695,000

Cap Rate
3.25%
Number of Units
3
Price/Unit
$565,000
Price/Gross SF
$827.23
Gross SF
2,049

Investment Highlights

  • Exceptional value-add opportunity with significant upside
  • Excellent mix of (1) studio, (1) 1BD/1 BA, & (1) 3BD/2BA
  • Ideally located in the heart of North Park

Investment Overview

4157-4159 Louisiana Street, a 2,049 square foot property set on a 3,492 square foot parcel. This property is legally a 3-unit apartment comprised of one studio, one 1-bedroom 1-bathroom, and one 3-bedroom 2-bathroom. The front two units, the studio and 1-bedroom 1-bathroom, were constructed in 1985. The 3-bedroom 2-bathroom unit, in the rear, is a newly constructed 2018 two-story building. Unit amenities include gated front entrance, washer & dryer hook ups, central air & heating, one 1-car garage, granite countertops, stainless steel appliances, dual pane windows, and LED lighting. Nestled away just off the corner of Howard Avenue on Louisiana Street, this asset is perfectly located for enjoying the many dining, shopping and entertainment options that have made the San Diego neighborhood of North Park famous. The endless outdoor dining options, the countless fun bars, entertainment options and restaurants along University Ave and El Cajon Blvd, and North Park Community Park are just a short walk away!

Exclusively Listed By

Financing By

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