For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $4,850,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250035401SD
Sold Date 12/18/25
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Seller Motivated for Year End Close - Bring All Offers! - Rents just increased! 5.56% cap in place. - Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~12.3%) across the board - 7.03% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $277,500 is a ~30% discount to comparable sales
Location
State CA
County San Diego
Area 92104 - North Park
Interior
Fireplace No
Exterior
Total Parking Spaces 11
Others
Tax ID 44745227
Financing Cash to New Loan
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Cody Evans South Coast Commercial, Inc.
GET MORE INFORMATION
Josh Pono
Owner/CEO/Trainer/Coach | License ID: 02016846
Owner/CEO/Trainer/Coach License ID: 02016846