Investment Overview

The McCartin Group of Marcus & Millichap is pleased to present 4074 Ingalls St, a Six unit Apartment Community located in the very desirable Mission Hills neighborhood of San Diego, California. The property is situated on a 0.1-acre lot and comprised of three (3) studio/one-bathroom units and three (3) one-bedroom/one-bathroom units totaling approximately 2,280 rentable square feet. There are four small storage areas in the rear of the property along with a shared coin-operated laundry facility. The property rests in the heart of Mission Hills and just West of Hillcrest. Residents can enjoy being within walking distance of two blocks of Pioneer Park, and minutes of Old Town San Diego and the heart of Hillcrest. One of the most established neighborhoods in San Diego, the property is surrounded by a primarily residential area with a cultured and trendy community with great walking proximity to popular restaurants and entertainment. Development Potential: The base zoning for the parcel is RS-1-7 and a FAR of 0.6, allowing a new owner a total density of 2607 sqft. After accounting for the footprint of the current 6 units, a developer could add 327 sqft of new livable space in the form of an Accessory Dwelling Unit (ADU). Strictly as an investment, there are several nearby properties that have sold for a similar $/unit and $/sqft.