Multifamily

4429 Arizona St

4429 Arizona St, San Diego, CA 92116

Listing Price: $2,860,000

Cap Rate
3.65%
Number of Units
9
GRM
17.18
Occupancy
97.00%
Price/Unit
$317,778
Price/Gross SF
$488.72
Gross SF
5,852

Investment Overview

Marcus & Millichap is pleased to present for sale a value add 9-unit property located in the highly desirable neighborhood of North Park. 4429 Arizona St rests on an approximate 7,003 SF lot and offers 5,852 rentable SF.

This complex is comprised of 6 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units. All units feature assigned off-street parking, new double-pane windows, built in shelving, and large closet spaces. This property offers investors the rare opportunity to acquire a well-maintained and centrally located asset with significant upside.

North Park continues to draw in the highest quality and most desired tenants in San Diego. The increasing market demand throughout the city will continue to keep vacancy rates low and rent increases steady. Being withing walking distance to local shops, restaurants, bars, and attractions, this property is centrally located with the investors longevity in mind.

Investment Highlights

  • Value Add - Under Market Rents
  • Assigned Off-Street Parking
  • High Demand Rental Market - Continued Growth
  • Highly Desirable Neighborhood of North Park
  • Walk Score (90)

Exclusively Listed By

Listing Price: $2,860,000

Cap Rate
3.65%
Number of Units
9
GRM
17.18
Occupancy
97.00%
Price/Unit
$317,778
Price/Gross SF
$488.72
Gross SF
5,852

Investment Highlights

  • Value Add - Under Market Rents
  • Assigned Off-Street Parking
  • High Demand Rental Market - Continued Growth
  • Highly Desirable Neighborhood of North Park
  • Walk Score (90)

Investment Overview

Marcus & Millichap is pleased to present for sale a value add 9-unit property located in the highly desirable neighborhood of North Park. 4429 Arizona St rests on an approximate 7,003 SF lot and offers 5,852 rentable SF.

This complex is comprised of 6 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units. All units feature assigned off-street parking, new double-pane windows, built in shelving, and large closet spaces. This property offers investors the rare opportunity to acquire a well-maintained and centrally located asset with significant upside.

North Park continues to draw in the highest quality and most desired tenants in San Diego. The increasing market demand throughout the city will continue to keep vacancy rates low and rent increases steady. Being withing walking distance to local shops, restaurants, bars, and attractions, this property is centrally located with the investors longevity in mind.

Exclusively Listed By

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