Investment Overview

Marcus & Millichap is pleased to present 4058-74 Hamilton Street located in San Diego, California. Built in 1952, the 12-unit apartment complex boasts a Walk Score of 87 and totals approximately 5,912 in rentable square feet. Situated on (2) large lots equaling to around 14,023 square feet, the property sits in the highly desirable neighborhood of North Park, which continues to be one of the most in-demand rental markets in metro San Diego. The unit mix consists of (12) one bedroom / one bathroom units, with some being standalone cottages. Attractive tenant offerings include: gated access, a large common courtyard, on-site laundry, and (10) single-car garages. Having been well-maintained with below market rents, the property presents an opportunity to bring current rents to market through renovation. Located only two blocks from University Avenue and a few blocks from 30th Street, the property is within proximity to all the best North Park has to offer. The 163 and 805 freeways are also nearby providing easy access for tenants. 4058-74 Hamilton Street ultimately presents investors the rare opportunity to acquire a value-add asset with significant rental upside in one of San Diego’s most desirable rental markets.