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Arash Rokni

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

$4,950,000

Est. payment - /mo

6 Beds

24 Baths

5,130 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,130 sqft

Price per Sqft $964

MLS Listing ID 260019244

Bedrooms 6

Full Baths 24

Property Sub-Type Com-Res Income

Property Description

**24 Units, 6.50% CAP Rate, $206k/Unit** The Apartment Homes on Park Blvd is an incredible investment opportunity located in the heart of Downtown San Diego (East Village). Situated on a 5,130sf parcel, the property consists of eighteen (18) studio units, and (6) 1Bedroom / 1Bathroom units. Tenants enjoy a common area rooftop lounge and walkability to shops, restaurants, transit, and Petco Park (99 WalkScore). Located on the corner of Park Blvd & F St, this asset uniquely offers an investor the combination of high in-place cash flow, 20% upside in rental income, and a low price/unit with minimal property maintenance. This building is perfect for an investor looking for a central location with a high CAP rate.

Location

State CA

County San Diego

Area Metro Central

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Others

Senior Community No

Tax ID 534-334-07-00

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Listed by Angelo Joseph La Bruna III, DRE#01991625 Apartment Realty Group (ARG)

Nearby School & Business

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Arash Rokni

REALTOR® | CADRE# 02005305

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

San Diego Communities

830 Park Blvd San Diego, CA 92101

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

GET MORE INFORMATION