A rare opportunity to own a 5-unit remodeled/upgraded apartment community in San Diego. Great Value-Add Multi-Family opportunity for investors in San Diego's coveted 92116 zip code. The area is nicknamed “Normal Heights” which is best known for vintage shops, bookstores, bars, and international eateries. This opportunity has a strong current cash flow and also has a fantastic rental income upside that the new owner can take advantage of.
The property consists of 4 units including one bedroom and one bathroom and one unit is a studio with one bathroom situated on a 4,500 sq lot. The property is near Interstate 805 and Interstate 15 which makes traveling around the city accessible and is six miles from the bustling San Diego Downtown encompasses the historic Gaslamp Quarter where there are many restaurants, bars, and sites. Petco Park where they hold many concerts, the Padres baseball games, and other events.