$2,244,250
$2,650,000
15.3%For more information regarding the value of a property, please contact us for a free consultation.
6,947 Sqft Lot
SOLD DATE : 10/29/2024
Key Details
Sold Price $2,244,250
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240014829SD
Sold Date 10/29/24
HOA Y/N No
Lot Size 6,947 Sqft
Property Description
POSSIBLE SELLER FINANCING. Excited to present 3710 Madison Ave, a fantastic value-add investment that offers an investor 70% upside in rents in the rapidly accelerating rental market of Normal Heights. The 6,660 square foot structure built in 1959 is situated on a 6,947 square foot lot just over a block from Adams Avenue. The property features eight 2 Bedroom / 1 Bath units, each averaging over 800 square feet. Half of the units have been recently renovated with new flooring and kitchens. In addition, the property offers a common laundry space with leased washer/dryer and 10 surface parking spaces. Please do not walk on the property or disturb tenants.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Interior
Fireplace No
Exterior
Total Parking Spaces 8
Others
Tax ID 4406102000
Financing Cash
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Bought with Benn Vogelsang • NorthMarq Multifamily
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "