Description

Pleased to present for sale 4355 37th St. – an 11 unit apartment building in the highly desirable Normal Heights neighborhood! Comprised of (7) 2bed/1bath units and (4) 1bed/1bath units with a 1-1 parking ratio, this property is an ideal unit mix. Major recent improvements include a new roof, new paint, several unit renovations, landscaping, foundation work, and more! This asset is currently generating a gross rental income of $16,509  with rental upside to $27,965. Located in Normal Heights, this property is walking distance to many shops, bars and restaurants. Renters can quickly access most areas of San Diego via the i805 and i15 Freeways, El Cajon Blvd to the south, and Adams Avenue to the north. This property lies in the complete communities zoning allowing for significant bonus density on development.

Features

• 0.21 Acres
• 2 Stories
• Number of Units: 11
• Price Per Unit: 435909
• SqFt of Improvement: 8102