2311 4th Ave, San Diego, CA 92101

Property Description

We are proud to present La Vana Apartments in Banker's Hill, a charming 1929 built (21) unit apartment complex located just 2 blocks South of Laurel St and 2 blocks West of Balboa Park. La Vana residents love the walk ability (walk score of 91), downtown & bay views, convenient building amenities, card reader security access, tall ceilings, vintage hardwood floors, large closets / powder rooms, storage lockers, and the comfort of larger than average urban units. The unit mix is comprised of 18 -spacious Studios and 3- 1 Bed/1 Bath units, all of which boast hardwood floors, 20's design archways, high ceilings, large kitchens, walk in closets, powder rooms, individual hot water heaters, & convenient storage lockers located in the basement. Current ownership has remodeled 6 of the Studios which includes new kitchens and finishes, and ordinarily now demand higher rents. The remaining 15 units have the same upside potential. The property is 3-stories with an owner owned Laundry facility on each level for tenant convenience. Large windows throughout the units and common areas allow for abundant unit & common area lighting. The property has secured entry on 4th Avenue with a rear patio area perfect for a BBQ, a common area garden or special events. Trash service is easily accessed through a corridor in the rear, which leads on to Juniper Street. The subject property has undergone remodels on the aforementioned 6 units and repairs and updates as necessary throughout; including a completely new exterior paint job, card reader entry system, new common area lighting & flooring, and new dual pane windows throughout. This asset is an ideal opportunity for the prudent investor who seeks an extremely desirable location poised for continued growth and appreciation. Exterior: ,