3026 Adams Avenue, Normal Heights, CA 92116

$1,785,000
1
BD
Sold Price
$1,785,000
List Price
$2,400,000
Closing Date
May 18, 2018
Days on Market
77
Status
SOLD
MLS#
180002879
Bedrooms
1
Lot Size(apprx.)
7,506
Property Type
Multifamily

Property Description

*PRICE REDUCTION - MUST SELL* This 8 unit apartment complex consists of five separate structures built in 1941 and has been meticulously maintained over the years. The return on this property can be significantly increased by renovation to the interior of the units and rental increases. The buildings are comprised of one-bedroom/one-bathroom, cottage style units. This property has undergone extensive renovations to the exterior of the property in 2007 and has been well maintained ever since. The property is complete with 4 single car garages and gated access. This investment lends the rare opportunity to acquire a unique apartment complex located on the renowned Adams Avenue in the highly desirable neighborhood of North Park. Adams Avenue is the home to many amenities offered in the North Park and Normal Heights Neighborhoods including some of the best local shops, breweries, and eateries that San Diego has to offer.

Additional Information

Construction
Stucco
Financing
Cash
Gross Scheduled Income Project
163200
Lot Size
7,506
Style
Com-Res Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marcus & Millichap

Selling Office: Marcus & Millichap.

board logo

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.