
Listed by Marcus & Millichap - San Diego
$2,400,000
3770 42nd Street
Details
APN 4716312600
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,453
Units 10
Cap Rate 6.10%
Buildings 1
Stories 2
Acreage 0.160
Zoning R3 Restric
Parking Spaces 10 spaces
Parking Per SqFt 1.83
Multifamily | 6.10% CAP | 10 Units
Marketing description
Pleased to present this Garden Style 10 Unit Apartment Building located on the western side of City Heights, just a few blocks from the I-15 Interstate. The property offers a Walk Score of 88/100 and is conveniently situated near several grocery stores and restaurants. 3770 42nd Street provides access to multiple elementary, middle, and high schools within a short walk or drive. City Heights continues to improve year over year in terms of overall property conditions and tenant quality. This is the perfect “bread & butter” property that attracts quality tenants and should provide a stable, cash-flowing investment for the next owner. Significant capital improvements have been completed, including main and subpanel electrical replacements for insurance compliance, a roof approximately seven years old, and the recent replacement of more than half of the water heaters. SB 721 work has been completed, with a passing inspection report available upon completion of the final inspection scheduled for next week. The Property has been well maintained over the years by a well respected Property Management Company. The mix consists of 7 1BR/1Bath & Three 2BR/1Bath units. Nearby units are achieving rents approximately 10% higher.
Listing Contacts

Listed by Marcus & Millichap - San Diego
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Zoning
RM-1-1 ResidentialMulti FamilyResidential Multiple Unit
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