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34475283
34475295

3626-32 Highland Ave., San Diego, CA 92105 For Sale

JK
CA 00873197
Compass
Compass
Listed by Compass
$1,300,000
3 days on market
Updated 0 days ago
Opportunity zone

Mid-City

Details
APN 4717422500
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,300
Units 4
Cap Rate 6.00%
Year Built 1948
Buildings 2
Acreage 0.150

Multifamily | 6.00% CAP | 4 Units

Marketing description

Are you looking for a solid investment property that just completed a 60-day tune-up? Check out these FOUR UNITS that strike a rare balance between generating market rents immediately and having solid upside potential. The 2-br feels like your own house (with yard for a dog) and it's paired with another ground-floor 1-br unit - plus there are two 1-br units over the four single-car garages (convert to ADUs?). This summer's upgrades include interior and exterior paint, refinished hardwoods, new toilets, vanities, sub-panels, electrical outlets/GFCIs, termite clearances, two new furnaces, plus all kitchens and baths have refinished countertops, sinks, and tubs! These units are fresh and ready, providing a true turnkey opportunity for the new owner & tenants. These workhorse units should be pumping out $100,000+ per year in no time! Or live here and finance your purchase with 3.5% down payment via FHA - or go VA! Whoa! Porforma rents = $102,000 annually.
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Listing Contacts

JK
CA 00873197
Compass
Compass
Listed by Compass

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Additional Information

Name
Jim Klinge
License
00873197
Brokerage
Compass
Brokerage Phone
8589973801
Title
Broker
Brokerage Address
682 South Coast Highway 101
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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