Jackwill Flats | 4224 Ohio St
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Jackwill Flats 4224 Ohio St
28 Unit Apartment Building $15,250,000 ($544,643/Unit) 3.60% Cap Rate San Diego, CA 92104
Investment Highlights
- Separately Metered For Water
- Parking Garage W/ 18 Spaces
- High Efficiency HVAC & Stainless Steel Energy Star Appliances
- Not Subject to AB 1482 Rent Control Regulations
- Elevator
Executive Summary
Incredible loan assumption available with approximate balance of 6 million at interest rate of 3.63% through Fall of 2026!! Jackwill Flats is a rare 2019 built, 28 unit luxury apartment community in the heart of North Park, San Diego. There are eighteen large 1 bed/1 bath units, eight 2 bed/1 bath units, a 2 bed/2 bath unit (1,066 sq ft with a 180 sq ft deck) and a 1,000 square foot office/retail unit with a bathroom on the first floor. Jackwill Flats comes equipped with an elevator system, a parking garage with eighteen total garage spaces, highspeed internet, in-unit washer/dryers, custom kitchen cabinetry/countertops, 10’ ceilings and polished concrete floors. As the subject property is less than 5 years old, a future owner will not have to worry about recurring expenses and capital expenditures as they would have to with an older yet remodeled property. Additionally its newer vintage protects the property from AB 1482 rent control restrictions— those restrictions do not apply to Jackwill Flats.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Security System
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Views
- Wi-Fi
- Deck
- Double Pane Windows
- Family Room
- Office
- Patio
Site Amenities
- Laundry Facilities
- Storage Space
- Elevator
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,996 | 732 |
| 2+2 | 1 | $3,250 | 1,066 |
| Studios | 1 | $2,670 | 1,000 |
| 1+1 | 18 | $1,712 | 579 |
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Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 446-233-07 | Improvements Assessment | $3,874,534 (2024) |
| Land Assessment | $721,091 (2024) | Total Assessment | $4,595,625 (2024) |
PROPERTY TAXES
Parcel Number
446-233-07
Land Assessment
$721,091 (2024)
Improvements Assessment
$3,874,534 (2024)
Total Assessment
$4,595,625 (2024)
zoning
| Zoning Code | CC-3-9 |
| CC-3-9 |
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Jackwill Flats | 4224 Ohio St
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