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    4585 Hamilton St

    San Diego, CA 92116
    • $2,700,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: 200018839
    Price Reduced
    UPDATED: 82 min ago
    $2,700,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Pleased to present a for sale a pride of ownership and partially renovated 8-unit property in the North Park of San Diego. 4585 Hamilton Street offers the rare opportunity to acquire an almost all two-bedroom / two-bath unit from the original owner since it was constructed in 1969. Meticulously maintained and upgraded over the years, this property rests on an approximate 6,990 SF lot with 7,018 of rentable SF. This property is comprised of 7 two-bedroom / two-bathroom units and 1 two-bedroom / one-bathroom unit. All units feature air conditioning, double pane windows, dishwashers, and kitchens with quartz or granite counter tops. Select units have ceramic tile kitchen flooring, upgraded bathrooms, and 6 units have walk-in closets. A new roof was installed 7 years ago with a 10-year warranty by Martin Roofing. Other amenities include coin-operated owned laundry and some units with private balconies or patios. This complex offers investors the rare opportunity to significantly improve rents on this property with much of the capital improvement expense already completed. Increase rents an estimated 20% with no additional improvements needed or update the units to increase by an estimated 44%. North Park continues to draw in the highest quality and most desirable tenants in San Diego. Being within walking distance to two of North Park+GGs main thoroughfares, Adams Avenue and El Cajon Boulevard, this property is centrally located with the investor+GGs longevity in mind.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-10T11:26:32.353. 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 Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/105353880
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    4585 Hamilton St San Diego, CA 92116

    • Price: $2,700,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: 200018839
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    County:
    San Diego
    Property Description
    Pleased to present a for sale a pride of ownership and partially renovated 8-unit property in the North Park of San Diego. 4585 Hamilton Street offers the rare opportunity to acquire an almost all two-bedroom / two-bath unit from the original owner since it was constructed in 1969. Meticulously maintained and upgraded over the years, this property rests on an approximate 6,990 SF lot with 7,018 of rentable SF. This property is comprised of 7 two-bedroom / two-bathroom units and 1 two-bedroom / one-bathroom unit. All units feature air conditioning, double pane windows, dishwashers, and kitchens with quartz or granite counter tops. Select units have ceramic tile kitchen flooring, upgraded bathrooms, and 6 units have walk-in closets. A new roof was installed 7 years ago with a 10-year warranty by Martin Roofing. Other amenities include coin-operated owned laundry and some units with private balconies or patios. This complex offers investors the rare opportunity to significantly improve rents on this property with much of the capital improvement expense already completed. Increase rents an estimated 20% with no additional improvements needed or update the units to increase by an estimated 44%. North Park continues to draw in the highest quality and most desirable tenants in San Diego. Being within walking distance to two of North Park+GGs main thoroughfares, Adams Avenue and El Cajon Boulevard, this property is centrally located with the investor+GGs longevity in mind.
    Exterior Features

    Construction Materials Stucco Lot Size Units Square Feet

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.74 Country Us Gross Scheduled Income 156300.00 Net Operating Income 100891.00 Operating Expense 58756.00 Property Sub Type Commercial/Residential Total Monthly Rent 13025

    Listing provided courtesy of Carson Trujillo of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-10T11:26:32.353. 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 Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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