Listed by Starker West, Inc
$3,399,000
12 on Morena
Details
APN 436-211-14-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,101
Units 1
Cap Rate 4.99%
NOI $169,634
Occupancy 100%
Price per SqFt $829
Year Built 1950
Year Renovated 2019
Buildings 1
Stories 2
Lot Size (SqFt) 6,387
About This Property
Marketing description
Starker West Commercial is pleased to present 4263 Chamoune Avenue, a value-add and development opportunity located in the rapidly improving City Heights neighborhood of San Diego. The property consists of two homes on one lot, including a 4-bedroom / 2-bathroom home in the front and a 1-bedroom / 1- bathroom home in the rear, a double-car garage, single-car garage, and additional surface parking. The property will be delivered with approved plans to construct a four-unit building at the rear of the lot, creating a unique opportunity for a developer or general contractor to immediately begin construction while avoiding the time and cost of holding. 7,507 square foot lot with alley access.
Investment highlights
- Front House: 4 Bed / 2 Bath
- Rear Unit: 1 Bed / 1 Bath
- Double-Car Garage + Single-Car Garage + Additional Surface Parking
- 7,507 SF Lot with Alley Access
- Approved Plans in Place for a 4-Unit Rear Development
Listing Contacts
Listed by Starker West, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$169,634.00
$14,136.17/mo
Valuation Metrics
0
DSCR
4.99%
Cap Rate
4.99%
ROI
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