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

4

Year built

1979

Cooling

None

Status

Active

Days on market

0

MLS #

249325661

About this property

Exceptional opportunity to acquire a pride-of-ownership, turnkey 4-unit property in one of the most desirable pockets of Normal Heights. Nestled within a quiet residential enclave north of Adams Avenue, this well-maintained property offers an attractive combination of quality, functionality, and long-term investment potential. The property features a spacious, fully remodeled 1,200+ SF Craftsman home in front, offering 3 bedrooms and 2 bathrooms, complemented by three generously sized 2-bedroom/2-bathroom townhome-style apartments in the rear. An impressive five garages, additional tandem driveway parking for the front residence, and on-site laundry facilities provide highly desirable amenities that enhance tenant appeal and retention. Investors will appreciate the opportunity to acquire a stable, income-producing asset with additional upside through future rental increases and the potential conversion of select garages into ADUs, subject to applicable approvals. Ideally situated in the heart of Primo Normal Heights, residents enjoy convenient access to Adams Avenue's popular restaurants, cafes, boutiques, and neighborhood amenities, while benefiting from the charm and tranquility of this sought-after residential setting. Opportunities offering this combination of pride of ownership, unit mix, parking, and future value-add potential are seldom available in Normal Heights.

Location

82 Hawley Blvd

San Diego, San Diego, CA, 92116