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Multifamily

2605 Madison Ave

2605 Madison Ave, San Diego, CA 92116

Listing Price: $3,595,000

Cap Rate
3.77%
Number of Units
9
GRM
15.64
Occupancy
100.0%
Price/Unit
$399,444
Price/Gross SF
$561.72
Gross SF
6,400

Investment Overview

We are pleased to present 2605 Madison Ave, located in the North Park neighborhood of San Diego.
The subject property features four (4) one-bedroom/one-bathroom, three (3) two-bedroom/one bathroom units, and two (2) two-bedroom/two bathroom units that total approximately 6,400 of rentable square footage.

The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 94 which walkscore.com calls “a walkers paradise.” It is approximately two miles from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa.

This property presents a unique opportunity for an investor to purchase a value-add investment opportunity in one of the strongest submarkets at the forefront of rental growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley, Interstate 805, Interstate 8, and Highway 163.

Investment Highlights

  • Boasts a desirable unit mix of one- and two-bedroom units
  • True value-add investment opportunity
  • Abundant off-street parking for tenants
  • Great central location steps away from Adams Ave, walking distance from parks, restaurants, and bars
  • Quick access to the 805 interstate and minutes away from major employment centers

Exclusively Listed By

Financing By

Multifamily

2605 Madison Ave

Listing Price: $3,595,000

Cap Rate
3.77%
Number of Units
9
GRM
15.64
Occupancy
100.0%
Price/Unit
$399,444
Price/Gross SF
$561.72
Gross SF
6,400

Investment Highlights

  • Boasts a desirable unit mix of one- and two-bedroom units
  • True value-add investment opportunity
  • Abundant off-street parking for tenants
  • Great central location steps away from Adams Ave, walking distance from parks, restaurants, and bars
  • Quick access to the 805 interstate and minutes away from major employment centers

Investment Overview

We are pleased to present 2605 Madison Ave, located in the North Park neighborhood of San Diego. The subject property features four (4) one-bedroom/one-bathroom, three (3) two-bedroom/one bathroom units, and two (2) two-bedroom/two bathroom units that total approximately 6,400 of rentable square footage. The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 94 which walkscore.com calls “a walkers paradise.” It is approximately two miles from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa. This property presents a unique opportunity for an investor to purchase a value-add investment opportunity in one of the strongest submarkets at the forefront of rental growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley, Interstate 805, Interstate 8, and Highway 163.

Exclusively Listed By

Financing By

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