Skip To Content

4204 Boundary

San Diego, CA 92104
  • $3,450,000
  • STATUS: ACTIVE
  • ON SITE: 48 Days
  • ID#: 240001170
UPDATED: 91 min ago
$3,450,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Nestled in the heart of North Park, this investment opportunity beckons with a Spanish-style charm and abundant potential. Comprising of 10 spacious units, including a mix of 8 one-bedroom and 1 bathroom units, as well as 2 two-bedroom and 2 bathroom units, this multifamily property stands out for its versatile layout. Select units feature fenced patios, while a lavish garden adds a touch of tranquility to the surroundings. The property boasts a multistory design, enhancing its visual appeal. Two of the units will be vacant at the close of escrow allowing a new Buyer to commence whatever upgrades/improvements they desire. Situated in a prime North Park location, this investment holds significant value-add potential (approximately 100% of rental upside potential). Off-street parking, complemented by 3 garages, ensures convenience for residents. With on-site laundry facilities, the property caters to modern living needs. The potential for an Accessory Dwelling Unit (ADU) further enhances the investment appeal. Easy alley access adds a practical dimension to the property, making it a promising venture in one of San Diego's sought-after neighborhoods.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/146668553
Print Image

4204 Boundary San Diego, CA 92104

  • Price: $3,450,000
  • Status: ACTIVE
  • On Site: 48 Days
  • Updated: 91 min ago
  • ID#: 240001170
3
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
North Park (92104)
County:
San Diego
Area:
North Park (92104)
Property Description
Nestled in the heart of North Park, this investment opportunity beckons with a Spanish-style charm and abundant potential. Comprising of 10 spacious units, including a mix of 8 one-bedroom and 1 bathroom units, as well as 2 two-bedroom and 2 bathroom units, this multifamily property stands out for its versatile layout. Select units feature fenced patios, while a lavish garden adds a touch of tranquility to the surroundings. The property boasts a multistory design, enhancing its visual appeal. Two of the units will be vacant at the close of escrow allowing a new Buyer to commence whatever upgrades/improvements they desire. Situated in a prime North Park location, this investment holds significant value-add potential (approximately 100% of rental upside potential). Off-street parking, complemented by 3 garages, ensures convenience for residents. With on-site laundry facilities, the property caters to modern living needs. The potential for an Accessory Dwelling Unit (ADU) further enhances the investment appeal. Easy alley access adds a practical dimension to the property, making it a promising venture in one of San Diego's sought-after neighborhoods.
Exterior Features

Parking Spaces Total 7 Units With Garages 3

Interior Features

Sq Ft Of Improvement 10184 Unit Furnished1 No Unit Furnished2 No

Property Features

Actual Gross Scheduled Income 154200.0 Actual Operating Expense 84685 Assumable Finance 0 Buildings 1 Gross Equity 345000 Gross Multiplier 24.3 Have Units Leased Apartments 8 Mandatory Remarks None Known Market Area Metro Uptown Motive Want Cash Out Projected Cap Rate 6.0 Projected Gross Multiplier 11.3 Projected Gross Scheduled Inc 308880 Projected Operating Expense 84685 Unit Number1 8 Unit Number2 2 Unit Rent Total1 9150 Unit Rent Total2 3650 Unit Rent1 1450-1600 Unit Rent2 1825

San Diego MLS logo Listing provided courtesy of Josh Browar of The Browar Group: 858-414-4398. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_240001170-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_240001170-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_240001170-2.jpg
Logo
The Neuman Team
516 5th Avenue
San Diego CA, 92101