Investment Overview

Marcus & Millichap is pleased to present 4368 Wilson Avenue located in vibrant neighborhood of Normal Heights in San Diego, California. Constructed in 1979, the 7-unit apartment complex boasts a Walk Score of 89 and rests on a 6,260 square foot lot with approximately 4,692 rentable square feet. The unit mix consists of (1) three bedroom / two bathroom townhome and (6) one bedroom / one bathroom units. Two units have been recently renovated demonstrating achievable upside through continued renovation on the remaining units. Current ownership has obtained plans (pending approval) to convert the existing garage into a one bedroom ADU, giving investors the option to add an eighth unit. Attractive tenant offerings include gated access, on-site laundry, and (8) off-street parking spaces as well as (1) double-car garage. Having been well-maintained with remaining potential for renovation, the property presents a strong value-add opportunity for an investor looking to extensively renovate the units to bring current rents to market and maximize overall cash flow. Located less than a block from El Cajon Boulevard and three blocks from Adams Avenue, the property is centrally located to all the major attractions Normal Heights has to offer. The property also enjoys easy access to the 15 and 805 freeways, simplifying commutes. 4368 Wilson Avenue ultimately presents investors the exceptional opportunity to acquire a well-maintained, value-add asset with significant rental upside in the heart of Normal Heights.