Garden Vista Apartments

04-01-2022
05-30-2022

4121 Cherokee Ave, San Diego, CA 92104

  • Prime Central San Diego Location - 92104
  • Substantial Rental Upside (~45%)
  • Ample Onsite Parking – 21 Spaces Total | Garages and Off-Street Parking
  • Well-Maintained Asset | Attractive Courtyard Setting w/ Common Area Patio
  • Spacious Floor Plans | Secured Gated Access | Onsite Laundry Room
  • High Demand Rental Market | Easy Access to Major Freeways (I-8, I-15 & I-805)

Property Description

This is an extremely unique offering and a rare opportunity to find scale in one of San Diego best performing sub markets. The Garden Vista Apartments is a twenty (20) unit Huffman-style apartment complex that consists of three (3) 2 bedroom / 1 bathroom and seventeen (17) 1 bedroom / 1 bathroom units. The property has an onsite laundry room (owned equipment) and ample off-street parking (21 total spaces) comprised of sixteen (16) surfaces parking spaces and two (2) double-car garages and one (1) single-car garage.
This is an ideal opportunity for a hands-on investor seeking a quality property with immediate rental upside located in one of San Diego's best performing rental markets. *Financials reflect proforma

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 7,500,000
No. of Units
20
Cap Rate
4.41%
GRM / GIM
14.74
Year Built
1968
Building Size
14,180 Sq ft
Opportunity Zone
No
Price per unit
$ 375,000
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32.751926, -117.113951

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