3185 Madison Ave

    San Diego, CA 92116
    • $3,295,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 200010679
    UPDATED: 15 min ago
    $3,295,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Prime Opportunity for your 1031 Exchange clients who desire a safe investment in these uncertain times. Hedge your clients risk by securing the most sustainable and affordable rental units currently available in Normal Heights, Walking distance to Adams Ave. --------------------------------------------------------------------------------------------We are proud to present this advantageously located and well cared for investment opportunity located at 3185 Madison Avenue in the Normal Heights neighborhood of San Diego. The Subject Property is a two story, single structure apartment building, consisting of 16 studio units totaling 4800 livable SF. Many units have been upgraded and each studio has a true full-size separate kitchen from the main living area, with counter space, a 4-burner range, and full-sized fridge for tenants to enjoy. Your tenants here will enjoy the relative affordability and extremely convenient one block walk to Adams Ave which hosts many trendy eateries, bars, shops, and services....

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T18:28:30.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cal American Realty. Licensed in the State of California, USA.

    www.calamericanrealty.com/homes/103808859

    3185 Madison Ave San Diego, CA 92116

    • Price: $3,295,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: 200010679
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    County:
    San Diego
    Property Description
    Prime Opportunity for your 1031 Exchange clients who desire a safe investment in these uncertain times. Hedge your clients risk by securing the most sustainable and affordable rental units currently available in Normal Heights, Walking distance to Adams Ave. --------------------------------------------------------------------------------------------We are proud to present this advantageously located and well cared for investment opportunity located at 3185 Madison Avenue in the Normal Heights neighborhood of San Diego. The Subject Property is a two story, single structure apartment building, consisting of 16 studio units totaling 4800 livable SF. Many units have been upgraded and each studio has a true full-size separate kitchen from the main living area, with counter space, a 4-burner range, and full-sized fridge for tenants to enjoy. Your tenants here will enjoy the relative affordability and extremely convenient one block walk to Adams Ave which hosts many trendy eateries, bars, shops, and services....
    Exterior Features

    Construction Materials Other Lot Size Units Square Feet Roof Composition

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 4.20 Country Us Gross Scheduled Income 218976.00 Net Operating Income 136321.00 Operating Expense 78276.00 Property Sub Type Commercial/Residential Total Monthly Rent 18248 Zoning Rs 1-7

    Listing provided courtesy of Jeff Diller of South Coast Commercial, Inc. and Abe Peay of South Coast Commercial, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T18:28:30.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cal American Realty. Licensed in the State of California, USA.

     
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