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Value add multifamily property with Immediate Income Potential. Welcome to 4062 49th St, a multifamily property nestled in the bustling 92105 area, presenting a unique investment opportunity for those looking to dive into the lucrative world of real estate. This 9-unit property, boasting 5,190 sqft of building space on a 5,739 sqft lot, offers an enticing blend of immediate income and significant upside potential through strategic enhancements. All nine units feature a desirable 1-bedroom, 1-bathroom layout, catering perfectly to singles or couples in search of a large living space. This uniformity simplifies management and renovation efforts. With seven of the nine units currently occupied, investors can benefit from steady income flow right from the start. The two remaining units provide a blank canvas for upgrades and rent optimization. Nine parking spots ensure that all of the tenants have their own parking spot, a valuable commodity in urban living that enhances tenant appeal and retention. This property stands as an ideal candidate for cosmetic improvements. Investors with an eye for design and renovation can unlock hidden value, elevating the propertys appeal and rental rates. Positioned in a vibrant neighborhood, the property offers tenants easy access to local amenities, dining, entertainment, and public transportation, ensuring high demand and competitive rental prices. Walking distance to Ibarra Elementary School. The property's prime location also affords easy access to some of San Diego's most iconic destinations. North Park, Balboa Park, downtown San Diego, San Diego State University, and Mission Valley are all within a 10-15 minute drive, ensuring your tenants are never far from the urban excitement and conveniences that define San Diego living. 4062 49th St represents an excellent acquisition for investors looking to capitalize on a property with substantial growth potential. Whether your strategy involves light cosmetic refinishing or a more comprehensive upgrade, this property serves as a foundation for robust rental income and capital appreciation. Some pictures are virtually staged.
4079 Euclid Avenue is a 22-unit building consisting of 13,908 rentable square feet of structure built in 1962 on a 15,684 square foot lot. The property features 24 parking spaces, common laundry facilities and a strong unit mix of (4) 2 Bedroom / 1 Bath, (14) 1 Bedroom / 1 Bath, and (4) Studio units.
4033-47 Euclid Avenue consists of two parcels totaling 13,265 square feet of land zoned CUPD-CT-2-3. The two structures comprise 8,613 rentable square feet and were built in 1965. The units are large, single-story and consist of (8) 2 Bedroom / 1 Bathroom units and one 3 Bedroom / 1.5 Bathroom unit. All units have their own laundry hook ups and back doors as well as individual water heaters and the ability to be sub-metered for water. The units have all been renovated with plank flooring, new kitchen cabinets, granite countertops and canned lighting as well as tiled shower enclosures.
3.03% INTEREST ONLY FINANCING THROUGH 2029! CASH FLOW!!! Discover the pinnacle of real estate investment in the vibrant City Heights neighborhood of San Diego. Presenting 3845 Chamoune Avenuea newly listed 22-unit apartment building that epitomizes stability, convenience, and unparalleled returns. Boasting twenty-one meticulously crafted one-bedroom, one-bathroom apartments, alongside a two-bedroom, two-bathroom unit, and a three-bedroom, one-bathroom apartment, this property caters to diverse tenant preferences, ensuring high occupancy rates and steady rental income streams. Experience the pinnacle of comfort and convenience with ample off-street parking and on-site laundry facilities, elevating the resident experience and fostering long-term tenant satisfaction. Benefit from recent capital investments, including new roofs, fresh exterior paint, upgraded fencing, security systems, energy-efficient windows, and essential infrastructure enhancements such as rerouted water lines and interior unit upgradesensuring minimal maintenance costs and maximum tenant satisfaction. This investment gem promises exceptional cash flow from day one, boasting an impressive yield of approximately 6.5% (day 1!). With stable rental income and minimal expenses, investors can enjoy robust returns without delay. Take advantage of an assumable Freddie Mac loan, featuring a loan balance of $3,240,000 and an attractive interest-only rate of only 3.03% through 2029, further enhancing the property's affordability and profitability.
Unparalleled investment opportunity at the gateway to San Diego State University's upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the special attention area Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas; an expansive 95,000-SF retail hub w/ shopping, dining & entertainment; 1.6 million SF of research & innovation space; hotel & conference space; & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Dont miss your chance to benefit from SDSUs & the Citys major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!
Unparalleled investment opportunity at the gateway to San Diego State University's upcoming Mission Valley Campus. Capitalize on "complete communities" incentives that offer a generous FAR of 4.0 on this prime 51,389 SF site (2 parcels), allowing for approx. 200,000 SF of buildable residential space in a location on the brink of a renaissance. 1/4 mile from the forthcoming SDSU Mission Valley Campus & within the "special attention area" Trolley Station Design District under the Mission Valley Community Plan, this site offers future residents an oasis of urban living, complete w/ quality jobs, immediate access to unrivaled retail & entertainment, as well as green spaces & mobility infrastructure that encourage healthy outdoor living. The SDSU Mission Valley Campus plan includes a River Park with 80+ acres of recreation & open spaces, bike & pedestrian paths, bridges & plazas; an expansive 95,000-SF retail hub w/ shopping, dining & entertainment; 1.6 million SF of research & innovation space; hotel & conference space; & Snapdragon Stadium, a hotspot for world-class sports events & musical performances. The existing office building & 7-Eleven generate stable, near-market rents, offering a financial cushion during the permitting process. Please see the Offering Memorandum for more details & 2 pro formas of potential development scenarios. Don't miss your chance to benefit from SDSU's & the City's major investments in the revitalization of an area with already high rental demand, which will only continue to rise. This is an asset to keep in the portfolio for generations to come!
Rare Opportunity, Prime Investment Area, Vintage Income Property Just Steps From 'The Village' In Kensington, One of the Best Rental Districts in All of the Metro Area, 1 Home (2 Bed 1 Bath, $3,080 Rent) , 1 Cottage (1 Bed 1 Bath, $2,495 a Month) AND a Duplex (Each 1 Bed 1 Bath, $1,645 Rent and $1,645 Rent), Four Units Total, 2 Parking Spaces off the Alley, Common Area Laundry Room for Added Income. The Five-Block Downtown Kensington District is Full of Small Trendy Shops and More Than a Dozen Restaurants, a Public Library & Children's Park, Other Businesses Include Chase Bank, Starbucks, Several Salons, a Gym, a Deli, an Organic Grocer, an Ice Cream Parlor and a Yoga Studio.
Largest unit 2,568 Sq. Ft. Energy efficient commercial business condo located in East Chula Vista at the entry/front of the business complex. Two hotels and Amazon nearby. Presently used as a business office, original builder offered the option of flex space with roll up door in back, permit would be required to convert. Lighting is on auto timers to cut cost and it has 3 air conditioners to separate and limit use and cut eletricity overhead. Beautifully remodeled in 2020 with tile floors, newer kitchen and bathrooms. 8 total offices.
Largest unit 2,568 Sq. Ft. Energy efficient commercial business condo located in East Chula Vista at the entry/front of the business complex. Two hotels and Amazon nearby. Presently used as a business office, original builder offered the option of flex space with roll up door in back, permit would be required to convert. Lighting is on auto timers to cut cost and it has 3 air conditioners to separate and limit use and cut eletricity overhead. Beautifully remodeled in 2020 with tile floors, newer kitchen and bathrooms. 8 total offices.
3738-3740 Van Dyke Avenue is an 11-unit apartment complex that consists of 7,584 rentable square feet situated on a 10,497 square foot lot with ample parking. The unit mix consists of six well laid out 2 Bedroom / 1 Bathroom units and five spacious 1 Bedroom / 1 Bathroom units. The property was built in 1980 and features three double car and two single car garages, common laundry facilities, and plenty of parking in the front. The property has been well-maintained and seven of the units have been remodeled. There is 2.98% assumable debt available due in December 2025.
The subject property consists of three contiguous industrial/flex units that were constructed in 2009. They are currently being used as a "House of Worship and the owner has a Conditional Use Permit (CUP). The combined space totals 5,765 square feet (B.O.M.A.) and has a truss-height of approximately 16'-18'. The space is improved with an attractive lobby/reception area; a sanctuary with a seating capacity of 100 +/-; lounge area; administrative offices; small chapel/overflow room; children's Sunday school room; fellowship hall; two large restrooms and one smaller restroom, all ADA compliant; kitchenette; and storage room.
The subject property consists of three contiguous industrial/flex units that were constructed in 2009. They are currently being used as a "House of Worship and the owner has a Conditional Use Permit (CUP). The combined space totals 5,765 square feet (B.O.M.A.) and has a truss-height of approximately 16'-18'. The space is improved with an attractive lobby/reception area; a sanctuary with a seating capacity of 100 +/-; lounge area; administrative offices; small chapel/overflow room; children's Sunday school room; fellowship hall; two large restrooms and one smaller restroom, all ADA compliant; kitchenette; and storage room.
3 Contiguous Parcels in City Heights, totally 14,698 square feet. 4242, 4246, and 4252 40th Street sold as a portfolio for $2,250,000. Properties are zoned CUPD-CU-2-4 which is mixed use and allows for one dwelling per 600ft. In addition, properties lie within two different transit overlays and are in an opportunity zone. Properties are currently leased and income is attached.
3 Contiguous Parcels in City Heights, totally 14,698 square feet. 4242, 4246, and 4252 40th Street sold as a portfolio for $2,250,000. Properties are zoned CUPD-CU-2-4 which is mixed use and allows for one dwelling per 600ft. In addition, properties lie within two different transit overlays and are in an opportunity zone. Properties are currently leased and income is attached.
Free Standing building. Owner/User Investment Property. Two Story Commercial- residential/office. Live & Work - Unique Property - Must See! Perfect for small business owner or anyone working remotely. Residential and office remodeled. Plenty of natural light! Upstairs living and downstairs with laundry area including new washer and dryer/Office space. Plus bonus storage room/garage attached. Private fenced cement slab yard and covered patio. Development Opportunities.
This Wonderful Property Is Centrally Located Off University Avenue Between the 805 and 15 Freeways. It features a 2000+ square foot building that currently operates as a restaurant and food catering services. The space is ample with an industrial kitchen, two large walk-ins, storage space, guest seating space, and a food sales area. There are two bathroom spaces, one at the front of the building used for guests at the moment and one in the back used by the staff. The back of the building also has a small studio that can be an office, etc. The parking area is spacious with room for several vehicles and is gated with access from both the street and the alley in the back. The large gate access in the back is ideal for deliveries. There is tons of potential for this property. It is located in an area that has been seeing large amounts of redevelopment in the past few years.
375 S 49th Street is located in an Opportunity Zone and is part of the Complete Communities Plan. The property is situated on a large 17,694 square foot lot and has a strong unit mix of (4) 3 Bedroom / 2 Bathroom units appx 1,000 square feet and (6) 2 Bedroom / 1 Bathroom units appx 830 square feet. The 8,984 square foot structure built in 1971 has been thoroughly renovated 10 years ago, has onsite laundry facilities, and approximately 20 gated parking spaces with a rear entrance and frontage on S Willie James Jones Avenue. There is upside in the development potential on or over the parking lot. The kitchens and baths have tile, new cabinets, vanities, and appliances. The bedrooms have mirrored closet doors. The current $1,667,000 loan at 2.94% fixed until June 2026 can be assumed.
Free Standing building. Owner/User Investment Property. Two Story Commercial- residential/office. Live & Work - Unique Property - Must See! Perfect for small business owner or anyone working remotely. Residential and office remodeled. Plenty of natural light! Upstairs living and downstairs with laundry area including new washer and dryer/Office space. Plus bonus storage room/garage attached. Private fenced cement slab yard and covered patio. Development Opportunities.
We are pleased to present "The Oliver", located at 4020-24 Iowa St. The unit mix features two (2) one-bedroom / one-bathroom units, two (2) two-bedroom / two-bathroom cottage style units, and one (1) three-bedroom / two-bathroom cottage style unit. The property boasts five (5) covered carports in the ally, two (2) subsurface parking spaces out front, and gated pedestrian access in the front and rear of the property. The Oliver underwent extensive interior and exterior renovation program in 2017 and has operated as a true pride of ownership asset since then. With ample parking, in unit laundry facilities, and a low density layout, "The Oliver" is poised for ease of management ownership. The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 96 which walkscore.com calls a walkers paradise. It is approximately one-and-one-half mile from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diegos largest employment centers including Downtown, Mission Valley, and Kearny Mesa. Please contact listing agent: Graeme Henderson Graeme.Henderson@marcusmillichap.com (503)929-9432
4.5 Star Bakery. Family- owned and operated cafe/bakery. Known for their home-baked goods , simple breakfast options, and specialty coffee. This cafe has lots of potential to increase revenue. This is an excellent opportunity to take over this pre-established cafe. Located in a busy area.
Ohio St is a garden style 2 story walk up in the heart of North Park consisting of 2 studios and 20 one bedroom one bath units The subject property is located in North Park, one of the most coveted locations for renters in San Diego The property boasts a walk score of 96 which walkscore.com calls a walkers paradise.
Lowest price per door and 60+% 2brs this property has significant room for 30% upside in rents! Next owner gets all the upside without the heavy renovation costs. 1986 Construction, 11 two-bedroom units, 6-one bedroom, 1 studio features all new stucco/paint, vinyl windows, new appliances, quartz countertops, tiled in showers, private fenced in patios.
JUST REDUCED!!! Great University Heights location just one and a half blocks from Adams Ave. Gated entry and common patio space. Built in 1972. Year built and Gross Sq.Ft. information was provided by seller. Five open and four tuck-under parking spaces. Tuck under parking could be converted to ADUs based on CA density bonus law and city of San Diego's more generous interpretation. Renovation can boost rents significantly. It is close to shopping, restaurants, schools and major freeways.
Prime Investment opportunity for National City. Mix of 4 apartment homes , 2 Bed, 1 ba in front building and detached home 3 Bed, 2 ba. in middle and plans for ADU in the back for value add. Inquire for more info. Professionally managed at market rents and current leases. On-site laundry room w/rev share. Interiors refreshed approx. a year and a half ago. Property fully occupied by tenants - DO NOT DISTURB - Showings after approved offer only.
Prime Location office condo in well maintained complex. Owner occupied, owner will vacate upon sale. Several existing businesses in this park have acquired more units as they expand.
Brian Aarestad
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Brian Aarestad Dean Stalter, Broker DRE# 00625377 - 2355 Northside Drive Ste. 180, San Diego, CA 92108 | Phone: (858) 525-3262 | Email: baarestad@bhhscal.com
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