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Multifamily

4020 Texas St

4020 Texas St, San Diego, CA 92104

Listing Price: $4,000,000

Cap Rate
2.88%
Number of Units
10
GRM
19.85
Price/Unit
$400,000

Investment Overview

Well taken care of ten unit apartment building located in the highly coveted community of North Park San Diego, CA. The subject has seven one-bed one-bath units and two two-bed, one and half-bath units and one two-bed, two-bath unit. Units facing Texas street on the second floor have their own private balconies. Tenants enjoy on-site parking and benefit from a vibrant retail corridor (91 walkscore). Subject property is in direct proximity to the campus and retail expansion of the San Diego State University dubbed SDSU West which includes Snapdragon Stadium which will be hosting the brand new Major League Soccer - San Diego FC. The property has been well taken care of over the years and in the same token, the units have substantial rental upside.

Investment Highlights

  • Ten On-site parking spaces.
  • Proximity to abundant retail corridor - 91 walkscore.
  • Open floorplan units and some with balconies.
  • Direct access to Mission Valley economic hub including the San Diego State University West - Multiphase expansion.
  • Various capital improvements including new roof, plumbing and electrical upgrades

Exclusively Listed By

Financing By

Multifamily

4020 Texas St

Listing Price: $4,000,000

Cap Rate
2.88%
Number of Units
10
GRM
19.85
Price/Unit
$400,000

Investment Highlights

  • Ten On-site parking spaces.
  • Proximity to abundant retail corridor - 91 walkscore.
  • Open floorplan units and some with balconies.
  • Direct access to Mission Valley economic hub including the San Diego State University West - Multiphase expansion.
  • Various capital improvements including new roof, plumbing and electrical upgrades

Investment Overview

Well taken care of ten unit apartment building located in the highly coveted community of North Park San Diego, CA. The subject has seven one-bed one-bath units and two two-bed, one and half-bath units and one two-bed, two-bath unit. Units facing Texas street on the second floor have their own private balconies. Tenants enjoy on-site parking and benefit from a vibrant retail corridor (91 walkscore). Subject property is in direct proximity to the campus and retail expansion of the San Diego State University dubbed SDSU West which includes Snapdragon Stadium which will be hosting the brand new Major League Soccer - San Diego FC. The property has been well taken care of over the years and in the same token, the units have substantial rental upside.

Exclusively Listed By

Financing By

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