Listed by Zakkout Real Estate Services
$2,350,000
4166 Monroe Avenue
Details
APN 4547141400
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,836
Units 8
Cap Rate 3.55%
NOI $81,716
Occupancy 100%
Pro-Forma Cap Rate 4.54%
Pro-Forma NOI $106,696
Class B
Year Built 1987
Buildings 1
Acreage 0.150
Zoning RS-1-7
Parking Spaces per unit
Investment Type Value Add
Multifamily | 3.71% CAP | 4 Units
Marketing description
4166 Monroe Avenue presents a rare four-unit townhome-style offering positioned at the gateway of Kensington and Normal Heights—two of San Diego's most desirable urban neighborhoods. Built in 1987 on a 0.15-acre lot, the property comprises four spacious 2-bedroom / 2.5-bathroom townhome-style units, each approximately 1,100 SF, totaling 4,833 SF of improvements. Every unit includes an attached private garage, additional on-site parking, and a private balcony and patio space. The asset is ideally suited for an owner-occupant seeking premium rental income or an investor targeting durable, long-tenured tenancy in a high-barrier submarket. Units are fully appointed with open floor plans, upgraded kitchens and bathrooms, in-unit laundry, and gas fire places.
Investment highlights
1987 Construction
1100SF 2bed 2.5bath town home units
In-unit laundry
Attached Garages plus additional off-street parking
Balconies and Patios for each unit
Deemed very walkable
Gated Building
Listing Contacts
Listed by Zakkout Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,716.00
$6,809.67/mo
Valuation Metrics
0
DSCR
3.48%
Cap Rate
3.48%
ROI
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