3939 7th Avenue, San Diego, CA 92103 - MLS#240018814

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$5,245,000

Est. payment - /mo

5,697 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240018814

Lot Size 5,697 Sqft

Property Description

La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING available at 3.89% fixed until December 2026. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.

Location

State CA

County San Diego

Area Mission Hills (92103)

Building

Story 2

Others

Space Rent $374,496

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Listed by Benn Vogelsang • NorthMarq Multifamily

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

3939 7th Avenue San Diego, CA 92103

Arash Rokni

Key Details

Location

Building

Others

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