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$1,750,000
Est. payment /mo
9,199 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260027086SD
HOA Y/N No
Lot Size 9,199 Sqft
Property Sub-Type Mixed Use
Property Description
5337-5347 Meade Ave: 6-unit multifamily property in San Diego's 92115 submarket. Two buildings totaling approx. 3,863 SF on a 9,200 SF (0.223 AC) lot, built 1955, two stories, frame/stucco construction with composition shingle gable roofs and open on-site parking. Interior courtyard layout with approx. 1,533 SF of land per unit and a two-building configuration offering flexibility for future repositioning. Located in a Qualified Opportunity Zone; zoned CUPD-CT-2-4. Close to Horace Mann Middle School, the University Ave and El Cajon Blvd commercial corridors, bus lines and approx. 1.9 miles to the SDSU Transit Center (Green Line). Offering memorandum estimates approx. $183,870 EGI and $115,536 NOI, an approx. 6.6% cap rate at the list price. Value-add upside through renovation-driven rent growth. Financial figures are offering memorandum estimates based on San Diego multifamily market conditions, not actual operating history. Building quality recorded as Class C, fair condition. Open parking on site; space count not verified. Tax record shows R-4 Multiple Residential and 9,726 SF lot; OM shows CUPD-CT-2-4 zoning and 9,200 SF. Buyer to verify all information.
Location
State CA
County San Diego
Area 92115 - San Diego
Interior
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 4720411100
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Listed by Ron Chaquica The Agency #01246523
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Josh Pono
Owner/CEO/Trainer/Coach License ID: 02016846
Owner/CEO/Trainer/Coach License ID: 02016846