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1915-1921 4th Ave
San Diego, CA 92101 Bankers Hill

Price Upon Request

Apartments For Sale  •  6,700 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,700 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1940
  • Zoning CV-4, San Diego
64 Transit Score
94 Walk Score

Highlights

4.00% ProForma CAP Rate / Offering actual CAP Rate of 2.83% / Major upside in rental income / 0.115 acre lot
First time to the market in 25+ years / Excellent unit mix of studios, 1 bedroom units and 2 bedroom units.
Studio leasing at an average rate of $1,800/month in Bankers Hill / 1 Bedroom units are leasing at an average rate of +$2,400/month in Bankers Hill
2 Bedroom units are leasing at an average rate of $2,800/month in Bankers Hill
There are several notable developments in the San Diego area, particularly near Bankers Hill, and some linked to SDSU (San Diego State University).
Redevelopment Potential / Multifamily Options / Opportunities to utilize San Diego’s density bonus program to build larger projects.

Amenities

  • 24 Hour Access
  • Balcony
  • Fireplace
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Freezer
  • Smoke Free
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 3 min - 1.4 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 6 min - 3.5 mi
Transit/SubwayDriveWalkDistance
5th Avenue (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 3 min 13 min 0.6 mi
Civic Center (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 2 min 13 min 0.7 mi
County Center/Little Italy (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 3 min 15 min 0.8 mi
City College (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 3 min 19 min 1.0 mi
America Plaza (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
San Diego International 6 min - 2.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes