4118 Texas St, North Park, CA 92104

$2,950,000
List Price
$2,950,000
Status
ACTIVE
MLS#
220000827SD
Days on Market
3
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

AWESOME LOCATION in North Park! Gated 8-unit Apartment building has a Walk Score of 89 (Very walkable)! This well-maintained 2 story building is comprised of 6-2BR/1BA (844sf) & 2-2BR/2BA (979sf), all but 2 are month-to-month. Tenants enjoy lush, low maintenance/low cost, beautifully landscaped courtyard. 2 garages +2 covered +4 parking spaces. Onsite laundry (leased). Extra storage room, too! Individually metered for SDG&E. NEW building water heater -2021. NEWER exterior paint -2017. NEWER roof -2016. 2BR/1BA units have large, equal sized BR’s w/great storage, perfect for roommates. Units fully occupied for 20+ yrs, rents well under market value. Located bet El Cajon Blvd & University Ave and bet hwy’s 805 & 163. Extremely convenient to freeways and public transportation. New York times recently boasted all North Park has to offer! Updating these units could increase rental income up to 40%, or more! The property’s location is ideally located within close proximity to Hillcrest, North Park, Downtown, Balboa Park, San Diego Airport, and Mission Valley. Residents enjoy living just steps away from countless retailers, restaurants, cafes and bars. As such, the property boasts a walk score of 89 points, considered "Very Walkable". This property presents an opportunity for an investor to purchase a true value and investment. Exterior: ,,,

Additional Information

Heat
Wall Furnace
Cooling
Yes
Exterior Construction
Stucco
Attached Structure
Detached
Number Of Units Total
8
Gross Scheduled Income
$151,379
Operating Expense
42427

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Bobby Edelson from Listing Office: Century 21 Award

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.