4045 Cherokee Ave

San Diego, CA 92104

PRICE REDUCED

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-$35,000 (-1.52%)

$2,265,000

List Price

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Property Description

Excellent North Park - City Heights location in one of the most vibrant rental areas in Metro San Diego. This property consists of 3 two bedroom/one bath units and 6 one bedroom/one bath units with onsite laundry as well as parking with 4 spaces in the front and 5 spaces off the alley. Ideally located on a 7,005 square foot parcel, incredible opportunities exist for the new owner who wishes to renovate and personalize the interior and exterior spaces. This property has been in the same family for 49 years and has been well maintained with moderate updating. Walkscore.com rates this property as a 90 out of 100 with nearby parks and shopping, so daily errands may not require a car. Actual Operating Expenses listed here are an average for the years 2021-24. Gross Rent Multiplier uses actual gross scheduled rents. Square footage of improvements shown here is an estimate based upon the property management company's estimate of each unit. Cap rate is annualized and adjusted for Capital Expenditures

Listing Information

List Price $2,265,000
Status Active
MLS 240025551SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 7,005
Structure Size N/A
DOM 41
Courtesy Of Scott & Quinn Real Estate
Listing Agent Brian Yaw DRE#01302422
Co-Listing Agent Jim Scott DRE#00830226

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Brian Yaw, Jim Scott, Scott & Quinn Real Estate 619-962-4663. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 9th, 2024 at 3:01 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.