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Key Details
Sold Price $2,980,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240011466
Sold Date 08/06/24
Property Description
9-Unit value add opportunity in premium location of North Park. Situated only one block south of University Avenue, the property is within walking distance to all the best North Park has to offer. Three blocks south of the property is San Diego’s world famous 1,200 acre Balboa Park. Built in 1962, the large units consists of a mix of (1) two bedroom / one bathroom unit, (7) one bedroom / one bathroom units and (1) studio unit. Attractive tenant offerings include: secure gated entry, on-site laundry, five open and four tuck-under parking spaces with tandem spots behind those. The tuck-under parking combined with the storage areas may potentially be converted to ADUs based on CA density bonus law. There are also several medium to large storage areas which may potentially add to existing unit’s bedroom counts.
Location
State CA
County San Diego
Area North Park (92104)
Exterior
Total Parking Spaces 13
Building
Story 3
Others
Financing Cash
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Bought with Thomas McCartin • Marcus & Millichap