Skip to main content

Multifamily

4462-68 30th Street

4462-68 30th St, San Diego, CA 92116

Listing Price: $3,195,000

Cap Rate
3.62%
Number of Units
6
GRM
18.23
Price/Unit
$532,500

Investment Overview

Marcus & Millichap is pleased to present 4662-68 30th Street in San Diego,
California. Originally constructed in 1937, the 6-unit apartment complex is
located in the iconic neighborhood of North Park and boasts a Walk Score
of 96. The building rests on a 7,019 SF lot and has approximately 3,150 SF.

The unit mix consists of (2) 1-Bed/1-Bath units and (4) 1-Bed/1-Bath
cottages. The complex was completely renovated in 2023 and features all
modern finishes, new stainless steel appliances, in unit stackable Washer/
Dryers and mini split A/C systems. The exterior of the property was
thoughtfully upgraded with new paint, stucco, black dual pane windows
and architect designed landscaping. The main electrical panel has been
replaced and upgraded to 400 amp service along with all new subpanels
for each unit. Sewer main line has been re-lined with a 20-year warranty.
Tenants enjoy private yard space in select units and (5) attached garages
that were gutted and rebuilt with custom doors and high security locks.
Current ownership has approved plans and previously obtained permits
to add (2) 1-bed/1-bath ADU’s. The property is also situated in Tier 3 of
Complete Communities allowing significantly more density for future
development.

Ideally situated on 30th Street , north of El Cajon Boulevard the property
is within walking distance to all the best attractions North Park has to
offer. Easy access to the 805 Freeway simplifies commutes to Downtown
and Mission Valley. 4462-68 30th Street ultimately presents investors with
the unique opportunity to acquire a trophy asset with the process started
to add ADU's to further increase cash flow.

Investment Highlights

  • Premier North Park Location on 30th Street
  • Complete Interior & Exterior Renovation in 2023
  • Assumable Financing Available
  • (5) Attached Garages with ADU Plans

Exclusively Listed By

Financing By

Multifamily

4462-68 30th Street

Listing Price: $3,195,000

Cap Rate
3.62%
Number of Units
6
GRM
18.23
Price/Unit
$532,500

Investment Highlights

  • Premier North Park Location on 30th Street
  • Complete Interior & Exterior Renovation in 2023
  • Assumable Financing Available
  • (5) Attached Garages with ADU Plans

Investment Overview

Marcus & Millichap is pleased to present 4662-68 30th Street in San Diego, California. Originally constructed in 1937, the 6-unit apartment complex is located in the iconic neighborhood of North Park and boasts a Walk Score of 96. The building rests on a 7,019 SF lot and has approximately 3,150 SF. The unit mix consists of (2) 1-Bed/1-Bath units and (4) 1-Bed/1-Bath cottages. The complex was completely renovated in 2023 and features all modern finishes, new stainless steel appliances, in unit stackable Washer/ Dryers and mini split A/C systems. The exterior of the property was thoughtfully upgraded with new paint, stucco, black dual pane windows and architect designed landscaping. The main electrical panel has been replaced and upgraded to 400 amp service along with all new subpanels for each unit. Sewer main line has been re-lined with a 20-year warranty. Tenants enjoy private yard space in select units and (5) attached garages that were gutted and rebuilt with custom doors and high security locks. Current ownership has approved plans and previously obtained permits to add (2) 1-bed/1-bath ADU’s. The property is also situated in Tier 3 of Complete Communities allowing significantly more density for future development. Ideally situated on 30th Street , north of El Cajon Boulevard the property is within walking distance to all the best attractions North Park has to offer. Easy access to the 805 Freeway simplifies commutes to Downtown and Mission Valley. 4462-68 30th Street ultimately presents investors with the unique opportunity to acquire a trophy asset with the process started to add ADU's to further increase cash flow.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower