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34250211
34250212

4960-70 Auburn Dr., San Diego, CA 92105 For Sale

DP
CA CA 01273425
Dp Properties
Listed by Dp Properties
$10,800,000
11 days on market
Updated 10 days ago
Opportunity zone

Auburn Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 31,360
Units 45
Cap Rate 6.10%
NOI $658,513
Tenancy Multi
Price per SqFt $344
Year Built 1986
Acreage 1.070

4960-70 Auburn Dr., San Diego, CA 92105

Marketing description

DP Properties is pleased to offer for sale the Auburn Apartments. It is a 45 unit community located in the Fox Canyon neighborhood of San Diego, California. Built in 1986, Auburn Apartments consists of 44 twobedroom, one-bath units that are approximately 690 square feet and 1 three three-bedroom, one-bath unit at approximately 910 square feet. Units provide a functional open floor plan and with walk-in closets in the master bedroom.

Fox Canyon is centrally located within City Heights zip code of the San Diego metropolitan area. Development in City Heights is a mixture of single-family and multi-family residential with commercial and other non-residential development concentrated along the major arterials, including El Cajon Boulevard, University Avenue, Fairmount Avenue, and Euclid Avenue. There are also pockets of neighborhood commercial areas throughout the community

Investment highlights

  • 6.10% Cap Rate on Actuals
  • 1986 Construction
  • Low Price / Unit $240,000
  • 2 Bedroom Units
  • Pride of Ownership
  • Beautiful Stone Accents

Listing Contacts

DP
CA CA 01273425
Dp Properties
Listed by Dp Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$658,513.00
$54,876.08/mo

Valuation Metrics

0
DSCR
6.1%
Cap Rate
6.1%
ROI

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Additional Information

Name
Dave Plutner
License
CA 01273425
Brokerage
DP Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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