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Multifamily

4760-66 Mansfield St

4760 Mansfield St, San Diego, CA 92116

Listing Price: $2,200,000

Cap Rate
2.89%
Number of Units
4
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$496.84
Gross SF
4,428

Investment Overview

Marcus & Millichap is pleased to present for sale a 4-unit partially renovated apartment complex in the Normal Heights neighborhood of San Diego. Bordering the North Park and Kensington neighborhoods, this property rests on over a 6,000 SF lot, and offers 4,428 of rentable SF. 4760-66 Mansfield St is comprised of (four) 3-bedroom/1.5-bathroom townhomes. Two of the townhomes are renovated with new flooring, kitchens, stainless steel appliances, and upgraded bathrooms. All units feature in-unit laundry hookups, large private patios, ceiling fans and more. Tenants enjoy access to off-street parking and secured gated entry. This property offers investors the unique opportunity to be the proprietor of a well-maintained asset with significant rental upside. This asset is perfectly situated in the rapidly gentrifying neighborhood of Normal Heights. With a walk score of 93, this property is 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 investor’s longevity in mind.

Investment Highlights

  • Significant Rental Upside
  • Value Add Opportunity
  • 3-Bedroom Townhouses with Private Patios
  • In-Unit Laundry Hookups
  • Qualifies for Attractive 30-Year Residential Financing

Exclusively Listed By

Multifamily

4760-66 Mansfield St

Listing Price: $2,200,000

Cap Rate
2.89%
Number of Units
4
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$496.84
Gross SF
4,428

Investment Highlights

  • Significant Rental Upside
  • Value Add Opportunity
  • 3-Bedroom Townhouses with Private Patios
  • In-Unit Laundry Hookups
  • Qualifies for Attractive 30-Year Residential Financing

Investment Overview

Marcus & Millichap is pleased to present for sale a 4-unit partially renovated apartment complex in the Normal Heights neighborhood of San Diego. Bordering the North Park and Kensington neighborhoods, this property rests on over a 6,000 SF lot, and offers 4,428 of rentable SF. 4760-66 Mansfield St is comprised of (four) 3-bedroom/1.5-bathroom townhomes. Two of the townhomes are renovated with new flooring, kitchens, stainless steel appliances, and upgraded bathrooms. All units feature in-unit laundry hookups, large private patios, ceiling fans and more. Tenants enjoy access to off-street parking and secured gated entry. This property offers investors the unique opportunity to be the proprietor of a well-maintained asset with significant rental upside. This asset is perfectly situated in the rapidly gentrifying neighborhood of Normal Heights. With a walk score of 93, this property is 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 investor’s longevity in mind.

Exclusively Listed By

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