San Diego, CA 92104,3853 Cherokee Ave
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San Diego, CA 92104,3853 Cherokee Ave
San Diego, CA 92104,3853 Cherokee Ave
San Diego, CA 92104,3853 Cherokee Ave
San Diego, CA 92104,3853 Cherokee Ave

$2,050,000

Est. payment /mo

$2,299,000

10.8%
Est.Price: ?

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3853 Cherokee Ave San Diego, CA 92104

SOLD DATE : 12/04/2018

Key Details

Sold Price $2,050,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 180056883

Sold Date 12/04/18

HOA Y/N No

Property Sub-Type Mixed Use

Property Description

Great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS in San Diego's coveted 92104 zip code. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS is located in the up-and-coming Cherokee Point neighborhood of San Diego which has convenient access to the I-805, I-15, and I-8 freeways and is also situated in and around the vibrant communities of North Park/City Heights/Normal Heights. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego's 92104 has strong current cash-flow and also has fantastic rental income upside that the new owner can take advantage of since CURRENT RENTS ARE WELL-BELOW MARKET. Consists of two separate parcels: Property #1 is 3853-3859 Cherokee Ave; and Property #2 is 3861-3865 Cherokee Ave. Property #1 consists of EIGHT 1-bed/1-bath multi-family units and THREE studio units, and ONE non-conforming studio unit situated on a 7,701 sqft lot. Property #2 consists of ONE 2-bed/2-bath and ONE 1-bed/1-bath (plus 1 non-conforming addl bedroom on a 6,298 sqft lot. STRONG RENTAL Market. Great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS in San Diego's coveted 92104 zip code. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY for INVESTORS is located in the up-and-coming Cherokee Point neighborhood of San Diego which has convenient access to the I-805, I-15, and I-8 freeways and is also situated in and around the vibrant communities of North Park/City Heights/Normal Heights. This great VALUE-ADD MULTI-FAMILY OPPORTUNITY in San Diego's 92104 has strong current cash-flow and also has fantastic rental income upside that the new owner can take advantage of since CURRENT RENTS ARE WELL-BELOW MARKET. Consists of two separate parcels: Property #1 is 3853-3859 Cherokee Ave; and Property #2 is 3861-3865 Cherokee Ave. Property #1 consists of EIGHT 1-bed/1-bath multi-family units and THREE studio units, and ONE non-conforming studio unit situated on a 7,701 sqft lot. Property #2 consists of ONE 2-bed/2-bath and ONE 1-bed/1-bath (plus 1 non-conforming ...

Location

State CA

County San Diego

Area 92104 - North Park

Interior

Heating See Remarks

Fireplace No

Others

Tax ID 4474720600

Financing Cash

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California Regional MLS (CRMLS)
Listed by Omid Yousofi • Titan Pacific Group Inc
Bought with Omid Yousofi • Titan Pacific Group Inc
agent

Christopher Von Leible

Advisor | License ID: 02215496

+1(310) 970-2829

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