Seven units on an over-sized lot directly in the path of progress just a few blocks from the East Village of Downtown San Diego, California. This is an irreplaceable asset that benefits from walking proximity (~700 feet) to the Walmart Neighborhood Market and light rail stop (~850 feet) with direct non-stop access to the 12th Avenue Metro Transit Station just outside the iconic Petco Park. The units consist of Six 2 bedroom 1 bath units and One 2 bedroom 2 bath unit. Currently, the unit rents range from $1,350-$1,600 per month with realistic upside to $1,750. Sherman Heights is a unique neighborhood bordering two other premier and highly desirable neighborhoods (Golden Hill and East Village Down Town). This asset is situated among many single family homes including historic Victorian homes that add to the unique charm of this sub-market. The region is expected to add 500,000 by 2050 according to SANDAG. Buyer will benefit from strong economic fundamentals supporting rent increases over time.
|--||New Value: $1,925,000|
|1/7/2020 10:18:00 AM|