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4567 Texas St
San Diego, CA 92116

The Ray · Multifamily Property For Sale · 15 Units

PROPERTY FACTS

No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 5,641 SF
Average Occupancy 93%
No. Stories 2
Year Built/Renovated 1960/2019
Parking Ratio 2.55/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Family Room
  • Freezer
  • Quartz Countertops

SITE AMENITIES

  • Courtyard
  • Grill

ABOUT 4567 TEXAS ST , SAN DIEGO, CA 92116

We are pleased to exclusively present a 15-unit property for sale. 4567 Texas Street is a luxury asset on the border of two of San Diego’s most lucrative rental markets, University Heights and North Park. Constructed in 1960, this property rests on a 7,009 SF lot with 5,278 rentable SF. This property is comprised of 14 studio / one-bathroom units and 1 one-bedroom / one-bathroom unit. The exterior of this property has just undergone an extensive renovation along with the interiors of only one units, presenting upside for the new owner. Tenants enjoy a private courtyard, rooftop deck, secure gated access, and on site laundry. North Park brings electric elements that no other neighborhood has. There is a variety of different restaurants, bars, cafes, and entertainment for every night of the week. This sale lends investors to be the proprietor of a rare complex in two of San Diego’s best rental markets. North Park and University Heights continue to bring in the highest quality and most desirable tenants. Increasing market rents and demand throughout the city will continue to keep the low vacancy at this property with a steady increase in rents.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 14 $1,128 380
1+1 1 $1,230 551

PROPERTY TAXES

ZONING

Zoning Code RM-2-5
  • Listing ID: 17397103

  • Date on Market: 10/8/2019

  • Last Updated:

  • Address: 4567 Texas St, San Diego, CA 92116