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Josh Pono

joshp@1stclassre.com +1(619) 384-8163

$1,099,000

Est. payment - /mo

6 Beds

5 Baths

3,980 SqFt

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Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,980 sqft

Price per Sqft $276

MLS Listing ID 260017358

Bedrooms 6

Full Baths 5

Lot Size 6,433 Sqft

Property Sub-Type Com-Res Income

Property Description

Rare opportunity to acquire a five-unit apartment investment with immediate cash flow, value-add potential, and flexible long-term strategies. Situated on a prominent corner parcel with Commercial CC-4-5 zoning within a Transit Priority Area, the property offers multiple paths to increase value in one of San Diego's strongest rental markets. Convert the lower level back to retail, office space, salon, personal services and retain the tenants upstairs. Perfect for small business owners as a live/work space. Or maximize income through rental stabilization while creating plans for a mixed-use redevelopment project. The property currently features two tenant occupied 2-bedroom/1-bath apartments on the second floor, two tenant occupied 1-bedroom/1-bath apartments on the main level, and one vacant studio on the first floor, providing immediate lease-up potential. Current income is supported by long-term tenancy, while below-market rents offer significant opportunity for future growth. (see suppl)

Location

State CA

County San Diego

Area Metro Central

Zoning COMMERCIAL

Direction Take I-805 to Imperial Ave East, in 3.4 Miles turn R on Flicker St. Building front faces Flicker St.

Interior

Heating Central Forced Air Gas, Other/Remarks, Wall

Cooling None

Flooring Other/Remarks, Slab

Fireplace No

Laundry Owned

Exterior

Parking Features Other/Remarks, Spaces

View Y/N No

Roof Type Other/Remarks

Total Parking Spaces 6

Building

Dwelling Type Other/Remarks

Story 2

Others

Senior Community No

Tax ID 581-020-30-00

Acceptable Financing Cash, Cash to New Loan, Other/Remarks, VA

Listing Terms Cash, Cash to New Loan, Other/Remarks, VA

Virtual Tour https://player.vimeo.com/video/1209884556?byline=0&title=0&owner=0&name=0&logos=0&profile=0&profilepicture=0&vimeologo=0&portrait=0

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Listed by Darin Triolo, DRE#01376927 Keller Williams Realty

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Josh Pono

+1(619) 384-8163

Owner/CEO/Trainer/Coach License ID: 02016846

6945 Imperial Ave San Diego, CA 92114

Josh Pono

Key Details

Location

Interior

Exterior

Building

Others

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6945 Imperial Ave