
Listed by Palma Commercial
$3,300,000
4073 Gresham St.
Details
APN 423-382-39-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,528
Units 5
Cap Rate 3.66%
Buildings 1
Stories 2
Lot Size (SqFt) 5,514
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.10
Multifamily | 3.66% CAP | 5 Units
Marketing description
It is a privilege to present for sale 4073 Gresham Street, San Diego, CA 92109, an extremely well-located and highly modernized Five (5) unit apartment property in Pacific Beach, ±1.5 blocks from Sail Bay and Fanuel Park, ±7 blocks from the beach, and within walking distance to a wide array of dining, nightlife, recreation and shopping options. Comprised of: two (2) one-bedroom/one-bathroom units (±685 SF each); and three (3) two-bedroom/one-and-a-half-bathroom townhome units (±1,050 SF each), all units have been upgraded to a high level, thus feature custom cabinetry, granite countertops, recessed lighting, vinyl plank flooring, stainless steel appliances, dishwashers, in-unit washer/dryers, dual-pane vinyl windows and sliders, newer front doors, among other improvements. Four of the units have private/enclosed back patios, and common area amenities at the Property include: five (5) tandem surface off-street parking spaces in front (for 10 total spaces!); a generous gated outdoor storage area at the rear of the property; gated front entry with dial pad access; and a beautifully landscaped courtyard featuring birds of paradise. 4073 Gresham Street has ±4,528 SF of rentable building area (RBA) across all (5) units, which are housed within a single two-story building, built of wood frame construction upon a concrete on grade foundation, with a flat roof that features a shake shingle mansard. Constructed in ±1969 on a ±5,514 SF lot, units are separately metered for electricity, and the Property is master-metered for gas, as well as water/sewer.
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Listed by Palma Commercial
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