Multifamily

4109 Park Blvd

Listing Price: $2,850,000

Cap Rate
4.40%
Number of Units
8
GRM
15.49
Occupancy
97.00%
Price/Unit
$356,250
Price/Gross SF
$527.00
Gross SF
5,408

Investment Overview

4109-15 Park Blvd presents the exclusive opportunity to acquire a turnkey asset in Hillcrest, a uniquely designed 8-unit apartment building. Constructed in 1954 and remodeled in 2018, this property lies on a 6,792 square foot lot and in a highly preferred San Diego submarket known for its superior walkability, welcoming cultural diversity, and noticeable aggressive climb in growth.

With possessing up to 5,408 in rentable square feet, this property has been well-maintained and operates at full occupancy. 4109 Park Boulevards highly desirable unit mix consists of all remodeled 2 bedroom / 1 bathroom units which are divided between two detached buildings. All the units debut freshly remodeled kitchens, bathrooms, flooring, double pained windows, and paint. The gated property offers a private side entry for tenants entering an inviting courtyard area where stairs lead up to the top half of the buildings. Other attributes the property offers are 5 private covered parking spaces located in the back alleyway and on-site laundry.

With prime location to University Ave and bordering the favorable University Heights, the subject property presents the opportunity for an investor to acquire a turnkey asset in an already high demand rental area.

Investment Highlights

  • Prime Turn Key Asset
  • High Demand Rental Market - Hillcrest
  • Newly Rehabbed Units
  • (5) Private Covered Parking Spaces In Alley
  • Gated Entry & On Site Laundry

Exclusively Listed By

Listing Price: $2,850,000

Cap Rate
4.40%
Number of Units
8
GRM
15.49
Occupancy
97.00%
Price/Unit
$356,250
Price/Gross SF
$527.00
Gross SF
5,408

Investment Highlights

  • Prime Turn Key Asset
  • High Demand Rental Market - Hillcrest
  • Newly Rehabbed Units
  • (5) Private Covered Parking Spaces In Alley
  • Gated Entry & On Site Laundry

Investment Overview

4109-15 Park Blvd presents the exclusive opportunity to acquire a turnkey asset in Hillcrest, a uniquely designed 8-unit apartment building. Constructed in 1954 and remodeled in 2018, this property lies on a 6,792 square foot lot and in a highly preferred San Diego submarket known for its superior walkability, welcoming cultural diversity, and noticeable aggressive climb in growth.

With possessing up to 5,408 in rentable square feet, this property has been well-maintained and operates at full occupancy. 4109 Park Boulevards highly desirable unit mix consists of all remodeled 2 bedroom / 1 bathroom units which are divided between two detached buildings. All the units debut freshly remodeled kitchens, bathrooms, flooring, double pained windows, and paint. The gated property offers a private side entry for tenants entering an inviting courtyard area where stairs lead up to the top half of the buildings. Other attributes the property offers are 5 private covered parking spaces located in the back alleyway and on-site laundry.

With prime location to University Ave and bordering the favorable University Heights, the subject property presents the opportunity for an investor to acquire a turnkey asset in an already high demand rental area.

Exclusively Listed By

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