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Multifamily

630 W Washington St

630 W Washington St, San Diego, CA 92103

Listing Price: $3,660,000

Cap Rate
2.76%
Number of Units
12
Price/Unit
$305,000

Investment Overview

Marcus & Millichap is pleased to present 630 West Washington Street located in San Diego, California. The 12-unit apartment complex is located in the flourishing Mission Hills neighborhood and boasts a Walk Score of 93. Constructed in 1913, the property has a lot size of 4,701 square feet and building measures approximately 6,688 in square feet. The unit mix consists of: (4) one bedroom / one bathroom units and (8) studios. Units feature original hardwood floors, double pane windows, storage built-ins, and walk-in closets. The property is separately metered for gas, but owner pays for electric and water/sewer. Having been well-maintained with current rents below market, there is an additional value-add opportunity in further renovating the property, as well as significant appreciation in value due to its highly desirable Mission Hills location. Located right on Washington Street and only one block from University Avenue, the property is within walking distance to all the best Mission Hills has to offer. Also nearby is vibrant Hillcrest, popular among locals as a destination for bars, restaurants, etc. Ultimately, 630 West Washington Street presents investors the unique opportunity to acquire a property in the highly desirable neighborhood of Mission Hills with significant redevelopment potential.

Investment Highlights

  • Premier Mission Hills Location
  • Proximity to University Avenue & Hillcrest
  • In-Demand Unit Mix of Studios and One Bedrooms
  • Well-Maintained with Significant Upside
  • Double Pane Windows, Storage Built-Ins, Walk-In Closets

Exclusively Listed By

Financing By

Listing Price: $3,660,000

Cap Rate
2.76%
Number of Units
12
Price/Unit
$305,000

Investment Highlights

  • Premier Mission Hills Location
  • Proximity to University Avenue & Hillcrest
  • In-Demand Unit Mix of Studios and One Bedrooms
  • Well-Maintained with Significant Upside
  • Double Pane Windows, Storage Built-Ins, Walk-In Closets

Investment Overview

Marcus & Millichap is pleased to present 630 West Washington Street located in San Diego, California. The 12-unit apartment complex is located in the flourishing Mission Hills neighborhood and boasts a Walk Score of 93. Constructed in 1913, the property has a lot size of 4,701 square feet and building measures approximately 6,688 in square feet. The unit mix consists of: (4) one bedroom / one bathroom units and (8) studios. Units feature original hardwood floors, double pane windows, storage built-ins, and walk-in closets. The property is separately metered for gas, but owner pays for electric and water/sewer. Having been well-maintained with current rents below market, there is an additional value-add opportunity in further renovating the property, as well as significant appreciation in value due to its highly desirable Mission Hills location. Located right on Washington Street and only one block from University Avenue, the property is within walking distance to all the best Mission Hills has to offer. Also nearby is vibrant Hillcrest, popular among locals as a destination for bars, restaurants, etc. Ultimately, 630 West Washington Street presents investors the unique opportunity to acquire a property in the highly desirable neighborhood of Mission Hills with significant redevelopment potential.

Exclusively Listed By

Financing By

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