4265 Altadena Avenue
4265 Altadena Avenue San Diego, California 92115 United States

$4,350,000
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Pleased to present for sale a 21-unit value add apartment complex in the City Heights neighborhood of San Diego. Constructed in 1963, this property rests on a 15,625 SF lot and offers 14,118 of rentable SF. 4265 Altadena Avenue, also known as...

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
$4,350,000
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.36 Acres
Exterior
Commercial
Property type
210014890
Web Id
210014890
MLS ID
San Diego City Unified
School District
53
days ago
This Property is Currently Contract Pending

About 4265 Altadena Avenue

Pleased to present for sale a 21-unit value add apartment complex in the City Heights neighborhood of San Diego. Constructed in 1963, this property rests on a 15,625 SF lot and offers 14,118 of rentable SF. 4265 Altadena Avenue, also known as Town House East, is comprised of (20) 1-Bedroom/1-Bathroom units and (1) 2-Bedroom/1.5-Bathroom townhome. Amenities include off-street parking for every unit, secure gated entry, and a large underutilized communal courtyard. This property offers investors the rare opportunity to acquire a large complex with significant rental upside. City Heights is known for its cultural diversity, locally owned businesses, and international cuisine. The neighborhood is a designated opportunity zone by the U.S Department of Treasury and may offer tax benefits for investors. With a walking score of 86, the asset is steps away from some of San Diegos most popular bars, restaurants, shops, and attractions on El Cajon Blvd and University Ave. City Heights is a neighborhood growing in popularity year after year. The increased demand for apartments in the area will continue to keep vacancy rates low and rent increases steady.

Listing Courtesy of Marcus & Millichap

features

cooling
Propane Heating
Additional Listing Type
In Contract

ADDITIONAL INFORMATION

Number of Units
21
Listing Courtesy of Marcus & Millichap
This San Diego Commercial is for Sale at $4,350,000 USD. Has on a lot of .36 Acres.

 

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
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