$1,650,000

3584 Villa Terrace

San Diego CA, 92104

Description

Pleased to present the rare opportunity to acquire a well maintained 3-unit property in the highly desirable North Park neighborhood, just two blocks North of Balboa Park / Morley Field. This property rests on a 6,072 SF lot with 3,179 of rentable SF. Comprised of (2) two-bedroom/one-bathroom units and (1) two-bedroom/two-bathroom unit, there are 2 stacked units in the front building and 1 unit above the garages in the back building. Attractive option to live in one unit and rent the others. This asset has been upgraded with major exterior and interior renovations to every unit. Tenants enjoy private garages and access to a communal coin-operated laundry room with a work sink and a half bathroom. This secure complex has ADT security throughout and is landscaped with low maintenance xeriscape complete with energy efficient timed pathway lights. This property offers investors the rare opportunity to be the proprietor of a stabilized asset in one of San Diegos most profitable rental markets. With some of the best retailers in town establishing their roots here, North Park continues to draw in the highest quality and most desirable tenants in San Diego. Increasing market demand throughout the city will continue to keep vacancy low at this property with a steady increase in rents. Being within walking distance to North Parks main attractions, this property is centrally located with the investors longevity in mind. Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 3584-A Unit # for Unit 2: 3584 Unit # for Unit 3: 3586 Number of Furnished Units: 0

Details

MLS#200046909
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1928
Days On Site58

Features

Units3
Building(s)1

Market Activity 92104

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Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92104
Area92104 - North Park92104 - North Park
Listing VS Median (in 92104)
Price:
$1,650,000
low | high
Med:
$730,000
100% of Average
On Site:
58
low | high
Med:
86
67.441860465116% of Average
Listing Updated: November 27, 2020 10:40:29 PM PST
Carson Trujillo LogoMLS Number: 200046909
Listing Provided By:
Carson Trujillo  of  Marcus Millichap
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