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


























