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Multifamily

4058-74 Hamilton Street

4058 Hamilton St, San Diego, CA 92104

Listing Price: $4,895,000

Cap Rate
2.32%
Number of Units
12
Occupancy
97.0%
Price/Unit
$407,917
Price/Gross SF
$827.98
Gross SF
5,912

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.

Investment Highlights

  • Premier North Park Location
  • Cottage-Style Units
  • Value-Add Opportunity
  • (2) Parcels Totaling 14,023 Sq Ft
  • Courtyard & Gated Access
  • (10) Single-Car Garages

Exclusively Listed By

Financing By

Multifamily

4058-74 Hamilton Street

Listing Price: $4,895,000

Cap Rate
2.32%
Number of Units
12
Occupancy
97.0%
Price/Unit
$407,917
Price/Gross SF
$827.98
Gross SF
5,912

Investment Highlights

  • Premier North Park Location
  • Cottage-Style Units
  • Value-Add Opportunity
  • (2) Parcels Totaling 14,023 Sq Ft
  • Courtyard & Gated Access
  • (10) Single-Car Garages

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.

Exclusively Listed By

Financing By

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