4585 Hamilton St, San Diego, CA 92116

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’s main thoroughfares, Adams Avenue and El Cajon Boulevard, this property is centrally located with the investor’s longevity in mind.