Prime Hillcrest 6-Units | 3750-3756 4th Ave
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Prime Hillcrest 6-Units 3750-3756 4th Ave
6 Unit Block of Flats £2,564,250 (£427,375/Unit) 4.26% Net Initial Yield San Diego, CA 92103
Investment Highlights
- Rare Hillcrest Location - Walk Score of 97, Just South of Transit, Shops and Bars Along University Ave
- Large Floor Plans: 2Bdrms are 1,397sf and the Studios are 476sf
- Well-Maintained Asset, Close Proximity to Mission Hills, Little Italy and Balboa Park
- Fantastic Unit Mix: (3) 2Bdrm/1.5Bath, (1) 2Bdrm/2Bath & (2) 0Bdrm/1Bath
- 4 of 6 Units Have In-Unit Laundry, (3) Single-Car Garages
Executive Summary
6-Unit multifamily property located in one of San Diego’s most desirable and best performing submarkets. This property boasts extremely large floor plans, this fantastic unit mix consists of three (3) 2Bdrm/1.5Bath with in-unit laundry, one (1) 2Bdrm/2Bath with in-unit laundry (approx 1,400sf) and two (2) Studios (approx 500sf) along with three (3) single-car garages.
With a Walk Score of 97, this asset is a just short walk to transit, cafes, restaurants and shops. This is perfect opportunity for an investor looking for a well-maintained property, with large units and a low price/sf in one of San Diego best neighborhoods.
With a Walk Score of 97, this asset is a just short walk to transit, cafes, restaurants and shops. This is perfect opportunity for an investor looking for a well-maintained property, with large units and a low price/sf in one of San Diego best neighborhoods.
Property Facts
Price | £2,564,250 | Apartment Style | Low Rise |
Price Per Unit | £427,375 | Building Class | C |
Sale Type | Investment | Lot Size | 0.16 AC |
Net Initial Yield | 4.26% | Building Size | 6,784 SF |
Gross Rent Multiplier | 14.81 | Average Occupancy | 100% |
No. Units | 6 | Number of Floors | 2 |
Property Type | Residential | Year Built/Renovated | 1924/2000 |
Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
Price | £2,564,250 |
Price Per Unit | £427,375 |
Sale Type | Investment |
Net Initial Yield | 4.26% |
Gross Rent Multiplier | 14.81 |
No. Units | 6 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.16 AC |
Building Size | 6,784 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built/Renovated | 1924/2000 |
Parking Ratio | 0.59/1,000 SF |
Unit Amenities
- Disposal
- Washer/Dryer
- Ceiling Fans
- Walk-In Closets
- Built-In Bookshelves
- Window Coverings
Site Amenities
- Fenced Lot
- Picnic Area
- Gated
- Cabana
- Gas Range
- Smoke Free
- Rubbish Collection - Kerbside
- Vintage Building
- Walking/Biking Trails
- Public Transportation
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
Studios | 2 | £1,498 | 474 |
2+1.5 | 3 | £2,741 | 1,366 - 1,428 |
2+2 | 1 | £3,231 | 1,366 - 1,428 |
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
Parcel Number | 452-063-31 | Improvements Assessment | £582,789 |
Land Assessment | £291,390 | Total Assessment | £874,179 |
PROPERTY TAXES
Parcel Number
452-063-31
Land Assessment
£291,390
Improvements Assessment
£582,789
Total Assessment
£874,179
zoning
Zoning Code | CC-3-8 |
CC-3-8 |
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Prime Hillcrest 6-Units | 3750-3756 4th Ave
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