Multifamily

4639 Bancroft St

4639 Bancroft St, San Diego, CA 92116

Listing Price: $3,375,000

Cap Rate
4.00%
Number of Units
9
GRM
16.53
Occupancy
97.0%
Price/Unit
$375,000
Price/Gross SF
$602.03
Gross SF
5,606

Investment Overview

Marcus & Millichap is pleased to present for sale a renovated 9-unit apartment building in the Normal Heights neighborhood of San Diego. This property rests on over a 6,275 SF lot and has approximately 5,606 rentable SF.

4639 Bancroft St is comprised of (one) 2-bedroom/1-bathroom unit, (two) 2-bedroom/1.5-bathroom units, and (six) 1-bedroom/1-bathroom units. This asset was fully remodeled with quality materials and a modern design concept. The interior was renovated with plank laminate flooring, stainless steel appliances, quartz countertops, and new luxurious kitchens and bathrooms. Each unit includes assigned off-street parking and tenants enjoy access to a community BBQ and coin operated on-site laundry.

This property is perfectly situated in the Normal Heights community of San Diego, California. With a walk score of 88, this property is located less than one block from Adams Ave; a street lined with restaurants, bars, shops, and attractions. Normal Heights continues to attract high quality tenants and this investment is centrally located with the investors longevity in mind.

Investment Highlights

  • Renovated Luxury Apartments
  • Off-Street Parking - 6 Surface & 3 Garage
  • Top Rental Neighborhood Normal Heights
  • Large Courtyard With BBQ
  • Walking Distance to Attractions on Adams Ave

Exclusively Listed By

Listing Price: $3,375,000

Cap Rate
4.00%
Number of Units
9
GRM
16.53
Occupancy
97.0%
Price/Unit
$375,000
Price/Gross SF
$602.03
Gross SF
5,606

Investment Highlights

  • Renovated Luxury Apartments
  • Off-Street Parking - 6 Surface & 3 Garage
  • Top Rental Neighborhood Normal Heights
  • Large Courtyard With BBQ
  • Walking Distance to Attractions on Adams Ave

Investment Overview

Marcus & Millichap is pleased to present for sale a renovated 9-unit apartment building in the Normal Heights neighborhood of San Diego. This property rests on over a 6,275 SF lot and has approximately 5,606 rentable SF.

4639 Bancroft St is comprised of (one) 2-bedroom/1-bathroom unit, (two) 2-bedroom/1.5-bathroom units, and (six) 1-bedroom/1-bathroom units. This asset was fully remodeled with quality materials and a modern design concept. The interior was renovated with plank laminate flooring, stainless steel appliances, quartz countertops, and new luxurious kitchens and bathrooms. Each unit includes assigned off-street parking and tenants enjoy access to a community BBQ and coin operated on-site laundry.

This property is perfectly situated in the Normal Heights community of San Diego, California. With a walk score of 88, this property is located less than one block from Adams Ave; a street lined with restaurants, bars, shops, and attractions. Normal Heights continues to attract high quality tenants and this investment is centrally located with the investors longevity in mind.

Exclusively Listed By

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