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NEW LISTING: FOR SALE 8-Unit Apartment Building in San Diego/North Park

NEW LISTING: NORTH PARK APARTMENT BUILDING FOR SALE:
4349 Cherokee Avenue
San Diego, CA 92104

Great North Park cash flow! Great tenants! Fully occupied by tenants who always pay their rent on time!
TURN KEY PROPERTY.
Wonderful location.
8 units, all one-bedroom, one-bathroom.
Each is 600 square feet.
All units 100% occupied with zero late rents.
Rents are all $800 per month (estimated under market by at least $200 per month).
Gated front and back.
5 garages, rented to tenants for $50 per month.
On-site fee laundry.
Beautiful courtyard and patio area.
Two buildings.
Two large storage rooms.

One tenant is the “on site manager” and does a ton of work at no charge.

Small pets allowed.
No smoking.
Many upgrades including new awnings and new vinyl dual pane windows.
Back building built in the 1930s (two units) and Front building built in 1955 (six units).
Prized family portfolio property – owned by the same local family since 1963.

FOR SALE
Asking $1,500,000
Expenses:
Utilities: $250 per month, Gardener $100 per month.

Contact:
Kimberly Dotseth, broker/owner
Blend Real Estate
kimberly@blendrealestate.com
(858) 291-8110 (talk only that line)
(858) 869-4909 (talk/text)

@blendrealestate

California BRE License #01179760

Please do not step on property. Please contact Kimberly for a tour and showing.

 

 

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