Sold

4586 Idaho St

Normal Heights CA, 92116

$3,265,000


$573.51 per sqft

Sold

13 Beds

5,693 sqft

Commercial

This property is well located in the highly desirable neighborhood of North Park with an excellent walk score of 88. Constructed in 1985 this property hosts a desirable unit mix of (6) 2BR/2BA units and (1) 1BR/1BA unit. With a large average square footage of 813, all 7 units feature W/D in-unit, fireplaces, a parking space (1:1 parking ratio) and their own one car garage. Two of the units have direct access to their garage. Two of the units have recently undergone renovations, leaving the remaining five units to be upgraded as desired by the new owner to achieve leading market rents, further pushing cash flow. In addition to the rent roll, the property yields an additional monthly income of $415 to cover utility costs. The 7 single car garages on site offer additional demand for tenancy as well as potential investment upside for ADU garage conversions. Remaining upside in rents presents an opportunity for the new owner to take advantage of this high demand location and push cash flow through consistent annual rent increases or renovating units and raising rents to leading market rents upon vacancy. OM provided upon request.

220018449

MLS ID

July 15, 2022

Listed

February 10, 2024

Updated

Map

4586 Idaho St
Normal Heights CA, 92116

Interior Features

Total Stories

2


Bedrooms

13 Beds


Laundry Description

Owned


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.16 Acres

Other Property Details

Area Name

Metro Uptown


Taxes

$1


Tax Frequency

Annually


Days on Market

10


Garage

Yes


Parking

Garage, Spaces


Parking Total

7


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

1.5%

Listed by Apartment Consultants, Inc., Christina M Labowicz,
Listing Contact: 858-876-5701 

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