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$ 1,125,000
Est. payment /mo
New
4262 Chamoune San Diego, CA 92115
6,259 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260019588SD
HOA Y/N No
Lot Size 6,259 Sqft
Property Sub-Type Mixed Use
Property Description
4262–4266 Chamoune Avenue presents an opportunity to acquire a five-unit multifamily property in San Diego's City Heights neighborhood. Built in 1958, the property consists of approximately 3,138 square feet of improvements situated on a 6,258-square-foot lot. Originally a four-unit property, a former garage was converted into an ADU, creating the current five-unit configuration. The property features a highly desirable and diversified unit mix consisting of a three-bedroom/two-bath detached house, three one-bedroom/one-bath units, and one studio. The property offers a low-density residential setting with multiple structures, off-street parking, substantial paved common areas, private and semi-private outdoor spaces, and on-site laundry. The configuration provides residents with a more residential feel than a typical apartment building. The property is currently generating approximately $9,101 per month in base rental income, with additional RUBS income of approximately $256 per month. Current rents provide an investor with solid in-place cash flow while offering additional upside through future rent increases and property improvements. With its desirable unit mix, strong current income, off-street parking and value-add potential, 4262–4266 Chamoune Avenue represents an attractive opportunity for an investor seeking a well-located San Diego multifamily asset with both immediate income and long-term upside.
Location
State CA
County San Diego
Area 92115 - San Diego
Interior
Fireplace No
Exterior
Total Parking Spaces 4
Others
Tax ID 4712510800
Virtual Tour https://www.propertypanorama.com/instaview/snd/260019588
Listed by Dylan Wright MD Real Estate, Inc #01411216