**24 Units, 6.50% CAP Rate, $206k/Unit** The Apartment Homes on Park Blvd is an incredible investment opportunity located in the heart of Downtown San Diego (East Village). Situated on a 5,130sf parcel, the property consists of eighteen (18) studio units, and (6) 1Bedroom / 1Bathroom units.… Read More Tenants enjoy a common area rooftop lounge and walkability to shops, restaurants, transit, and Petco Park (99 WalkScore). Located on the corner of Park Blvd & F St, this asset uniquely offers an investor the combination of high in-place cash flow, 20% upside in rental income, and a low price/unit with minimal property maintenance. This building is perfect for an investor looking for a central location with a high CAP rate. Read Less
Property listed by Apartment Realty Group (ARG), Angelo La Bruna 310-259-7556
Listing Snapshot
Days Online
39
Last Updated
Property Type
MixedUse
MLS Number
260019244SD
Additional Details
Building
1 building
Expenses
Operating: $18,465
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $517,224, Net Operating Income: $321,650
Taxes
Parcel Number: 5343340700
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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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