4262 Chamoune, San Diego, CA 92115
List Price: $1.13M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Lot Size: 6,258 sq ft
MLS Number: 260019588SD
About This Property
4262–4266 Chamoune Avenue presents an opportunity to acquire a five-unit multifamily property in San Diego’s City Heights neighborhood. Built in 1958, the property consists of approximately 3,138 square feet of improvements situated on a 6,258-square-foot lot. Originally a four-unit property, a former garage was converted into an ADU, creating the current five-unit configuration. The property features a highly desirable and diversified unit mix consisting of a three-bedroom/two-bath detached house, three one-bedroom/one-bath units, and one studio. The property offers a low-density residential setting with multiple structures, off-street parking, substantial paved common areas, private and semi-private outdoor spaces, and on-site laundry. The configuration provides residents with a more residential feel than a typical apartment building. The property is currently generating approximately $9,101 per month in base rental income, with additional RUBS income of approximately $256 per month. Current rents provide an investor with solid in-place cash flow while offering additional upside through future rent increases and property improvements. With its desirable unit mix, strong current income, off-street parking and value-add potential, 4262–4266 Chamoune Avenue represents an attractive opportunity for an investor seeking a well-located San Diego multifamily asset with both immediate income and long-term upside.
Listing provided by: Dylan Wright DRE #01411216 619-255-3233 dylan@mdrealestatesd.com, MD Real Estate, Inc
Source: CRMLS