3225 Adams Ave
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3225 Adams Ave
9 Unit Apartment Building $3,385,000 ($376,111/Unit) 2.33% Cap Rate San Diego, CA 92116
Investment Highlights
- Seller Will Consider Carrying 1st TD at 5% Interest Rate - Contact Listing Agents for Details
- Various Recent Capital Improvements
- Irreplaceable Location on Adams Avenue - Central Normal Heights
- (5) Single Car Garages - ADU Potential
- Cottage Units With Expansive Courtyard
- First Time on Market in Over 20 Years
Executive Summary
Request OM from listing agent
Property Facts
| Price | $3,385,000 | Apartment Style | Garden |
| Price Per Unit | $376,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.33% | Building Size | 4,795 SF |
| Gross Rent Multiplier | 22.03 | No. Stories | 1 |
| No. Units | 9 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,385,000 |
| Price Per Unit | $376,111 |
| Sale Type | Investment |
| Cap Rate | 2.33% |
| Gross Rent Multiplier | 22.03 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,795 SF |
| No. Stories | 1 |
| Year Built | 1927 |
| Parking Ratio | 2.5/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 420 |
| 2+1 | 1 | - | 735 |
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Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 439-431-04 | Improvements Assessment | $1,000,000 |
| Land Assessment | $1,700,000 | Total Assessment | $2,700,000 |
PROPERTY TAXES
Parcel Number
439-431-04
Land Assessment
$1,700,000
Improvements Assessment
$1,000,000
Total Assessment
$2,700,000
zoning
| Zoning Code | CL-4, San Diego |
| CL-4, San Diego |
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3225 Adams Ave
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