4070 Utah St Immeuble residentiel 10 lots 2 851 163 € (285 116 €/Lot) Taux de capitalisation 4,20 % San Diego, CA 92104

Marcus & Millichap is pleased to present 4070 Utah Street located in San Diego, California. Built in 1970, the 10-unit apartment complex sits in highly desirable neighborhood of North Park and boasts a Walk Score of 95. Resting on a 6,996 square foot lot, the property totals approximately 6,764 square feet.
The unit mix is comprised of (7) one bedroom /one bathroom units and (3) two bedroom /one bathroom units. The complex has been well maintained over the years with select units featuring upgrades like vinyl plank floors and upgraded cabinets. Attractive tenant offerings include (10) off-street parking spaces, on-site laundry and secure gated entry. Current rents are below market and offer an investor the opportunity to extensively renovate units to maximize cash flow.
Located two blocks from iconic 30th Street, University Avenue and El Cajon Boulevard the property is withing walking distance to all of North Park’s best attractions. Easy access to major freeways I8, I805 and 163 makes the location ideal for tenants who commute. 4070 Utah Street ultimately presents investors with the rare opportunity to acquire a well-maintained, value-add asset with significant rental upside in one of San Diego’s most popular rental markets.