3770 42nd St 10 Unité Immeuble d’appartements 3 407 760 $ CAD (340 776 $ CAD/Unité) 6,10% Taux de capitalisation San Diego, CA 92105

Pleased to present this Garden Style 10 Unit Apartment Building located on the western side of City Heights, just a few blocks from the I-15 Interstate. The property offers a Walk Score of 88/100 and is conveniently situated near several grocery stores and restaurants. 3770 42nd Street is also within a short walk or drive to multiple elementary, middle, and high schools. City Heights continues to improve year over year in terms of overall property conditions and tenant quality. This is the perfect “bread & butter” property that attracts quality tenants and should provide a stable, cash-flowing investment for the next owner.
The property has been well maintained over the years by a well-respected property management company. The unit mix consists of seven 1BR/1BA units and three 2BR/1BA units, with nearby comparable units achieving rents approximately 10% higher.
Significant capital improvements have been completed, including main and subpanel electrical replacements for insurance compliance, a roof approximately seven years old, and the recent replacement of more than half of the water heaters. SB 721 work has also been completed, with a passing inspection report forthcoming upon final inspection scheduled for next week.