3071 Hawthorn St

05-09-2022
05-09-2022

3071 Hawthorn St, San Diego, CA 92104

Property Description

CBRE is pleased to present 3071-73 Hawthorn St a 4+1 unit cottage style property located in the heart of South Park near Grape, 30th, and Fern. The property consists of 5 units divided across 3 buildings. All units contain small to large private yards providing tenants with more so of a small home environment over apartments which helps to drive rent potential, reduce vacancy, and ultimately higher returns for an investor. An existing bootleg unit was established out of existing legal square footage of the rear house, but is not permitted with the city. This unit provides an investor the opportunity to increase asset value through the potential permitting of this bootleg unit as an ADU. The property offers significant increased return potential upon renovation and turnover of existing under market tenants. 4 out of 5 units can receive immediate rent increases. Please see attached OM for more details on this opportunity or contact the listing agent, Maxwell Brown, for more information.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
2-4 Units
Price
$ 1,775,000
No. of Units
4
Cap Rate
2.92%
GRM / GIM
20.85
Year Built
1937
Building Size
2,276 Sq ft
No. of Stories
1
Opportunity Zone
No
Price per unit
$ 443,750
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32.727389, -117.128153

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