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2567 A St

SOLD

San Diego

$2,700,000

Property Description

Pleased to present 2567 A St — 7 unit apartment building in the highly desirable Golden Hill neighborhood, one block from Balboa Park. Comprised of (1) 3 Bed/2Bath, (2) 2Bed/1.5Bath, (4) 1Bed/1Bath units and (1) 2-car garage. The property accounts for a total of 5,452 SqFt on a 7,228 SqFt lot and features a 2-car garage + 10 off-street parking spaces in addition to laundry facilities. This asset is currently generating a gross rental income of $12,603/mo with huge upside on market rate income pushing upwards of $20,000+/mo. Upside includes a potential ADU opportunity with a garage conversion. There may also be an opportunity to split the two-story, 3 Bed/2 Bath unit into two separate units. The property is within walking distance to Balboa Park and several restaurants. Renters can quickly access Downtown San Diego, the beautiful beaches of San Diego and more.

Contact Agent

Eric Feldman

760-419-1343

Investment Summary

Property Location

SOLD

$2,700,000

Property Type

Multifamily

Price/Unit

$428K

Units

Unit Mix

7

(1) 3bd / 1ba, (2) 2bd/1ba, (4) 1bd/1ba

Price/Sq Ft

$550

NOI

$98,077

CAP

GRM

Sq Ft

Current

3.27

18.4

Imp

5,452

Year Built

1980

Proforma

5.94

12.3

Land

7,228

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COMPLIMENTARY INVESTMENT CONSULTATION

Call us. We are here to help.

Alexio (760) 419-1343  |  Adrian (858) 735-9977

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The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction.

South Coast Commercial, INC DRE# 01846358 | Gonzalez and Barbara Group DRE# 01992393

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