San Diego, CA 92101,2311 4th Avenue
San Diego, CA 92101,2311 4th Avenue
San Diego, CA 92101,2311 4th Avenue
San Diego, CA 92101,2311 4th Avenue
San Diego, CA 92101,2311 4th Avenue
San Diego, CA 92101,2311 4th Avenue
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$4,995,000

Est.Price: ?

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Est. payment /mo

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

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California Regional MLS (CRMLS)
Listed by Chris Robinson • Acre Investment Real Estate
Bought with Benn Vogelsang • South Coast Commercial, Inc.
agent-avatar

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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