401-07 Idaho Ave is a turnkey 4-unit multifamily asset sitting on a rare 0.7-acre lot in one of San Diego’s most resilient and sought-after North County rental submarkets. The property features a highly desirable unit mix consisting of (1) 3-bed / 2-bath, (1) 3-bed / 1-bath, (1) 2-bed / 1-bath,… Read More and a (1) 1-bed / 1-bath. Each unit is outfitted with premium finishes, new stainless steel appliances, and in-unit washer/dryers, designed to appeal to high-quality tenants and command top-of-market rents. The asset is further enhanced with upgraded electrical, new roofs, and plumbing, dramatically minimizing long-term risk and capex making this a secure long-term investment. Positioned in a high-demand, high-rent-growth corridor, 401-07 Idaho Ave offers investors an upgraded, low-maintenance property with exceptional design, modern construction quality, and strong in-place income. With continued appreciation potential and minimal capital improvement needs, this is a rare opportunity to acquire a stabilized asset in a core San Diego location. Read Less
Property listed by Landmark Multifamily and Devel, Dylan Ackley 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Lot Size
0.71 Acres
Year Built
1956
MLS Number
260015837SD
Additional Details
Building
Built in 1956, 3 buildings, 1 storey, Levels: One
Community
Park Name: NA
Cooling
WallWindowUnits
Fence
None
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $129,420, Net Operating Income: $86,224
Lot
0.71 acres
Roof
Composition
Taxes
Parcel Number: 2343906800, Zoning: R-1-6
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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