$4,995,000
For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/05/2018
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 180004034
Sold Date 09/05/18
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
We are proud to present La Vana Apartments in Banker's Hill, a charming 1929 built (21) unit apartment complex located just 2 blocks South of Laurel St and 2 blocks West of Balboa Park. La Vana residents love the walk ability (walk score of 91), downtown & bay views, convenient building amenities, card reader security access, tall ceilings, vintage hardwood floors, large closets / powder rooms, storage lockers, and the comfort of larger than average urban units. The unit mix is comprised of 18 -spacious Studios and 3- 1 Bed/1 Bath units, all of which boast hardwood floors, 20's design archways, high ceilings, large kitchens, walk in closets, powder rooms, individual hot water heaters, & convenient storage lockers located in the basement. Current ownership has remodeled 6 of the Studios which includes new kitchens and finishes, and ordinarily now demand higher rents. The remaining 15 units have the same upside potential. The property is 3-stories with an owner owned Laundry facility on each level for tenant convenience. Large windows throughout the units and common areas allow for abundant unit & common area lighting. The property has secured entry on 4th Avenue with a rear patio area perfect for a BBQ, a common area garden or special events. Trash service is easily accessed through a corridor in the rear, which leads on to Juniper Street. The subject property has undergone remodels on the aforementioned 6 units and repairs and updates as necessary throughout; including a completely new exterior paint job, card reader entry system, new common area lighting & flooring, and new dual pane windows throughout. This asset is an ideal opportunity for the prudent investor who seeks an extremely desirable location poised for continued growth and appreciation. Exterior: ,
Location
State CA
County San Diego
Area 92101 - San Diego Downtown
Zoning R-3-Multip
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Tar/Gravel
Others
Tax ID 5331920500
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Benn Vogelsang • South Coast Commercial, Inc.