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4029 44th St

San Diego, CA 92105

$1,700,000

Apartments For Sale  •  5,902 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 5,902 Sq Ft
  • Lot Size 0.14 ac
  • Building Class C
  • Year Built 1966
  • Cap Rate 4.01 %
  • Zoning CUPD-CT-2-3
57 Transit Score
95 Walk Score

Description

OPPORTUNITY ZONE LOCATION - VALUE ADD. Property Sits on a 6,252 square foot lot. There is one two-story structure consisting of nine, 1 bedroom 1 bathroom units. The building area totals 5,902 square feet. The property offers five onsite parking spaces on 44th Street and 4, spaces in the rear alley. 3 of those spaces are tuck-under and gated. The roof is flat with a composite mansard facing 44th Street. The units are situated on two floors (five units on top and four on the ground level). Tenants on top can access units using two sets of concrete/steel stair cases located on opposite sides with both landings facing 44th Street. The building is gated from both sides which prevents pedestrians from passing through. The Units face the back wall of a retail small multi-tenant retail center. This offers tenants additional privacy in an otherwise busy neighborhood location.

Highlights

Irreplaceable location near wide range of amenities.
Large 650 square foot 1 bed units.
Walkability score of 94
Direct access to public transit and 1/2 Mile to interstate 15 on-ramp.

Financial Summary (Actual)

Net Operating Income: $64,247 (2017)
Cap Rate: 4.01 %

Amenities

  • Disposal

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) Commuter Rail (Coaster) 12 min - 7.5 mi
Old Town Transit Center Commuter Rail (Coaster) 11 min - 8.4 mi
AirportDriveWalkDistance
San Diego International Airport 13 min - 8.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Aziz Zakkout 858-373-3210 Marcus & Millichap
Aziz Zakkout 858-373-3210 Marcus & Millichap