Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Year built

1955

Stories

1

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

1

MLS #

247104964

About this property

3860–64 Wilson Ave is a well-positioned three-unit multifamily property located in San Diego’s desirable 92104 submarket near North Park. Built in 1955, the property offers approximately 1,856 rentable square feet on an oversized 7,224 square foot lot and features an attractive unit mix consisting of one 1Br/1Ba, one 2Br/1Ba, and one 2Br/2Ba unit. Each unit offers in-unit washer & dryer and private yards. Offered at $1,295,000 ($431,667 per unit; $697.74 per SF), the asset provides investors with immediate in-place income, generating approximately $61,684 of NOI and a 4.76% going-in cap rate, with additional upside to approximately $65,234 of NOI and a 5.04% cap rate at estimated market rents.

Location

64 Wilson Ave

San Diego, San Diego, CA, 92104