3682 Villa Ter
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3682 Villa Ter
5 Unit Apartment Building $1,875,000 ($375,000/Unit) 3.37% Cap Rate San Diego, CA 92104
Investment Highlights
- Prime Location: Two blocks from Balboa Park and six blocks from 30th & University.
- Development Potential: Convert garages into two additional units for added income.
- Walkability: Blocks Balboa Park and 30th Street.
- Diverse Unit Mix: Four 1 Bed/1 Bath units, one 2 Bed/1 Bath unit, and two double-car garages.
- Value-Add Opportunity: Well-maintained property ready for renovations to achieve market rents.
Executive Summary
Discover a charming 5-unit bungalow-style apartment complex with exciting value-add and development potential in the heart of North Park, San Diego.
Built in 1949, this property includes four 1 Bed/1 Bath units, one 2 Bed/1 Bath unit, and two double-car garages. The garages offer an excellent opportunity to convert into Accessory Dwelling Units (ADUs) for added income.
Located just two blocks from Balboa Park and Morley Field and six blocks from 30th Street and University Avenue, the property boasts a Walk Score of 88, providing easy access to premier shopping, dining, and entertainment.
Professionally managed and well-maintained, this property is a perfect candidate for renovations to achieve top-of-market rents. Convenient access to the 805 and 8 freeways ensures excellent connectivity while maintaining the neighborhood's relaxed charm.
Seize the opportunity to invest in one of San Diego's most desirable neighborhoods with historic charm and long-term growth potential.
Built in 1949, this property includes four 1 Bed/1 Bath units, one 2 Bed/1 Bath unit, and two double-car garages. The garages offer an excellent opportunity to convert into Accessory Dwelling Units (ADUs) for added income.
Located just two blocks from Balboa Park and Morley Field and six blocks from 30th Street and University Avenue, the property boasts a Walk Score of 88, providing easy access to premier shopping, dining, and entertainment.
Professionally managed and well-maintained, this property is a perfect candidate for renovations to achieve top-of-market rents. Convenient access to the 805 and 8 freeways ensures excellent connectivity while maintaining the neighborhood's relaxed charm.
Seize the opportunity to invest in one of San Diego's most desirable neighborhoods with historic charm and long-term growth potential.
Property Facts
| Price | $1,875,000 | Property Subtype | Apartment |
| Price Per Unit | $375,000 | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.37% | Building Size | 2,972 SF |
| Gross Rent Multiplier | 18.45 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Price | $1,875,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 3.37% |
| Gross Rent Multiplier | 18.45 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.14 AC |
| Building Size | 2,972 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1949 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
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Walk Score ®
Very Walkable (89)
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