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4262 Chamoune San Diego, CA 92115
6 Beds
6 Baths
3,138 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,138 sqft
Price per Sqft $358
MLS Listing ID 260019588
Bedrooms 6
Full Baths 6
Lot Size 6,258 Sqft
Property Sub-Type Com-Res Income
Property Description
4262–4266 Chamoune Avenue presents an opportunity to acquire a five-unit multifamily property in San Diego's City Heights neighborhood. Built in 1958, the property consists of approximately 3,138 square feet of improvements situated on a 6,258-square-foot lot. Originally a four-unit property, a former garage was converted into an ADU, creating the current five-unit configuration. The property features a highly desirable and diversified unit mix consisting of a three-bedroom/two-bath detached house, three one-bedroom/one-bath units, and one studio. The property offers a low-density residential setting with multiple structures, off-street parking, substantial paved common areas, private and semi-private outdoor spaces, and on-site laundry. The configuration provides residents with a more residential feel than a typical apartment building. The property is currently generating approximately $9,101 per month in base rental income, with additional RUBS income of approximately $256 per month. Current rents provide an investor with solid in-place cash flow while offering additional upside through future rent increases and property improvements. With its desirable unit mix, strong current income, off-street parking and value-add potential, 4262–4266 Chamoune Avenue represents an attractive opportunity for an investor seeking a well-located San Diego multifamily asset with both immediate income and long-term upside.
Location
State CA
County San Diego
Community Other/Remarks
Area Metro Uptown
Interior
Fireplace No
Exterior
View Y/N No
Total Parking Spaces 4
Building
Story 2
Others
Senior Community No
Tax ID 4712510800
Listed by Dylan E Wright, DRE#01411216 MD Real Estate, Inc
NEARBY SCHOOL & BUSINESS
