806 Brookes Ave, San Diego, CA 92103
4 Unit Apartment Building | $2,575,000 ($643,750/Unit) | 5.25% Cap Rate | San Diego, CA 92103
For Sale
Active
4 pictures
Asking Price $2,575,000
- Property Type
-
Multifamily
- Square Feet
- 2,940 SF
Listing Contacts
Michael Kasser
- Property Info
Property Overview
Matthew Real Estate Investment Services is pleased to exclusively present the opportunity to acquire a 4-Unit Apartment Complex in Mission Hills. 806-812 W Brookes Ave is comprised of (4) 2 bedrooms + 1 bathrooms. All units have been recently renovated and are currently used as Short-Term Rentals. This unique offering provides an opportunity for both investors looking to keep the asset operating as a Short-Term Rental and a first-time home buyer looking to live in a unit and rent out the others. The property has one water meter & sperate electric/gas meters. Each unit has a washer/dryer. Recent upgrades include new electric panels that can provide HVAC, replaced, and resealed the upper deck, installed Turf in the front yard, and vinyl flooring in each unit. This is a high barrier to entry market. This property is move in ready.
Mission Hills is a vibrant, historic neighborhood of San Diego situated on hills overlooking Old Town, Downtown San Diego, and San Diego Bay. Home to some of San Diego’s oldest and most historic homes, as well as an eclectic mix of restaurants, boutiques and professional service providers, Mission Hills is a unique metropolitan enclave of roughly 57,000 residents. Mission Hills is known Residents will also have convenient access to some of San Diego’s major freeways such as Highway 163, I-5, and I-8.
While it’s a part of the larger Uptown community—which also includes Hillcrest, Bankers Hill and part of University Heights—Mission Hills has its own character and resident concerns, ranging from the cleanliness and safety of public parks to the aesthetics of new construction.
Mission Hills is a vibrant, historic neighborhood of San Diego situated on hills overlooking Old Town, Downtown San Diego, and San Diego Bay. Home to some of San Diego’s oldest and most historic homes, as well as an eclectic mix of restaurants, boutiques and professional service providers, Mission Hills is a unique metropolitan enclave of roughly 57,000 residents. Mission Hills is known Residents will also have convenient access to some of San Diego’s major freeways such as Highway 163, I-5, and I-8.
While it’s a part of the larger Uptown community—which also includes Hillcrest, Bankers Hill and part of University Heights—Mission Hills has its own character and resident concerns, ranging from the cleanliness and safety of public parks to the aesthetics of new construction.
Property Details
- Class
- C
- Year Built
- 1958
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 4
Highlights
- 4-Units built in 1958.
- Unit Mix: (4) 2+1
- Upgraded interiors, New Electrical, & Washer Dryer in Unit.
- Available to deliver vacant.
- Strong Appreication Neighborhood.
- Prime location with access to Downtown, Little Italy, and Balboa Park.
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