Sold
4586 Idaho St
Normal Heights CA, 92116
$3,265,000
$573.51 per sqft
Sold
13 Beds
5,693 sqft
Commercial
This property is well located in the highly desirable neighborhood of North Park with an excellent walk score of 88. Constructed in 1985 this property hosts a desirable unit mix of (6) 2BR/2BA units and (1) 1BR/1BA unit. With a large average square footage of 813, all 7 units feature W/D in-unit, fireplaces, a parking space (1:1 parking ratio) and their own one car garage. Two of the units have direct access to their garage. Two of the units have recently undergone renovations, leaving the remaining five units to be upgraded as desired by the new owner to achieve leading market rents, further pushing cash flow. In addition to the rent roll, the property yields an additional monthly income of $415 to cover utility costs. The 7 single car garages on site offer additional demand for tenancy as well as potential investment upside for ADU garage conversions. Remaining upside in rents presents an opportunity for the new owner to take advantage of this high demand location and push cash flow through consistent annual rent increases or renovating units and raising rents to leading market rents upon vacancy. OM provided upon request.
220018449
MLSⓇ ID
July 15, 2022
Listed
February 10, 2024
Updated
Map
4586 Idaho St
Normal Heights CA, 92116
Interior Features
Total Stories
2
Bedrooms
13 Beds
Laundry Description
Owned
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Other Property Details
Area Name
Metro Uptown
Taxes
$1
Tax Frequency
Annually
Days on Market
10
Garage
Yes
Parking
Garage, Spaces
Parking Total
7
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
1.5%
Listed by Apartment Consultants, Inc., Christina M Labowicz,
Listing Contact: 858-876-5701
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Data last updated 2:01 AM UTC, 2/10/2024