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.