We are pleased to present 3834-40 Euclid Avenue which is a 6 unit apartment property consisting of four (4) 2 Bed / 1 Bath units, and two (2) 1 Bed / 1 Bath units with four (4) garages that generate extra income. The subject property has been well maintained and is situated on a 6,250 SF lot. The units have tile flooring in the common areas and new windows as well as a new staircase and landing. The property has low operating costs as well as significant upside in rents with the rents currently 35% below market.
PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. THE PROPERTY IS SHOWN WITH AN ACCEPTED OFFER ONLY.
This property is located a few blocks from the shopping and transit on University Avenue and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants. The City Heights Library and new Police Station are nearby.
Socially and economically, Central San Diego has a high concentration businesses and households. Businesses tend to be smaller and wider spread than to the north and east. Like other urban mesa neighborhoods north of Balboa Park, Central San Diego has a high rate of pedestrian activity, relative to the rest of San Diego. Central San Diego is located next to many of the major highways with close access to the coast, beaches, business districts, downtown, and Mexico.
