3185 Madison Ave, San Diego, CA 92116

Property Description

ANOTHER PRICE REDUCTION AND RENT INCREASES. SELLER HAS FOUND UP-LEG. BRING OFFERS. The Subject Property is two story, single structure apartment building, consisting of 16 studio units. The property is located in the very desirable neighborhood of Normal Heights which is experiencing rapid rent growth and major improvements to residential and commercial properties. The hardscape and separate metering for each unit creates a low utility cost and an increase in net income to the owner. An astute investor will recognize how to maximize revenue and profit in this property. Normal Heights is centrally located in the city of San Diego, on a mesa just south of Mission Valley. Its borders are defined by Interstate 805 to the West, Interstate 8 to the North, Interstate 15 to the East, and El Cajon Boulevard to the South. Like other urban mesa neighborhoods north of Balboa Park, Normal Heights has a high rate of pedestrian activity. The stretch of Adams Avenue between Texas Street on the west and Ohio Street on the east is sometimes referred to as Antique Row, due to its numerous antique stores. A landmark neon sign over Adams Avenue at Felton Street identifies the neighborhood. Amenities: None