Sunshine Apartments 4226 Utah St 26 Unit Apartment Building $7,600,000 ($292,308/Unit) 4.15% Cap Rate San Diego, CA 92104
EXECUTIVE SUMMARY
Located in the vibrant North Park neighborhood of San Diego,
Sunshine Apartments offers 26 one-bedroom/one-bath units and 12
parking spaces. Residents enjoy convenient elevator access and close
proximity to an array of shops and restaurants. The property is also a short
drive to downtown and Balboa Park, with easy walking access to the iconic
North Park Water Tower, North Park Community Park, and North Park
Recreation Center. This is an exceptional investment opportunity in one of
San Diego's most sought-after and rapidly developing neighborhoods.
*Offering is subject to first right of refusal
Sunshine Apartments offers 26 one-bedroom/one-bath units and 12
parking spaces. Residents enjoy convenient elevator access and close
proximity to an array of shops and restaurants. The property is also a short
drive to downtown and Balboa Park, with easy walking access to the iconic
North Park Water Tower, North Park Community Park, and North Park
Recreation Center. This is an exceptional investment opportunity in one of
San Diego's most sought-after and rapidly developing neighborhoods.
*Offering is subject to first right of refusal
DATA ROOM Click Here to Access
- Operating and Financials
- Miscellaneous
PROPERTY FACTS
| Price | $7,600,000 |
| Price Per Unit | $292,308 |
| Sale Type | Investment |
| Cap Rate | 4.15% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.5 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 15,600 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | MR8B, San Diego |
AMENITIES
UNIT AMENITIES
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Service
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | - | 550 |
1 of 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 445-432-17 | Improvements Assessment | $2,958,353 |
| Land Assessment | $2,844,572 | Total Assessment | $5,802,925 |
