4343 Cherokee Ave Immeuble residentiel 7 lots 1 976 017 € (282 288 €/Lot) Taux de capitalisation 4,88 % San Diego, CA 92104

4343 Cherokee Avenue is a solid 7-unit apartment building located in Normal Heights just north of El Cajon Blvd and just east of North Park. The 5,255 square feet of structure built in 1985 consists of four 2 bedroom / 2 bathroom and three 1 bedroom / 1 bathroom units as well as 2 single car garages. In addition to the structure, the 6,236 square foot lot hosts 8 surface parking spaces. There is a common laundry room. In the last 5 years, new exterior LED lights were installed, as well as a new staircase and hot water heater with recirculating pump. Five of the units have been remodeled with new vinyl plank flooring, A/C units, popcorn ceiling removal, and new appliances. All units have new dishwashers. Termite tenting was done last year. There is approximately 25% upside in the current rents.
4343 Cherokee Ave is located in Normal Heights in close proximity to three additionally desirable sub-markets in San Diego: North Park, Kensington and University Heights. All these prime, central San Diego locations offer many options for walkable dining, retail, grocery shopping and recreational activities. The property is less than 2 miles away from two trolley line stops in Mission Valley and has easy access to the 805, 15 and 8 Freeways.
Normal Heights is centrally located in the city of San Diego, on a mesa just south of Mission Valley. Its borders are defined by Interstate 805 to the West, Interstate 8 to the North, Interstate 15 to the East, and El Cajon Boulevard to the South.
Like other urban mesa neighborhoods north of Balboa Park, Normal Heights has a high rate of pedestrian activity. The stretch of Adams Avenue between Texas Street on the west and Ohio Street on the east is sometimes referred to as Antique Row, due to its numerous antique stores. A landmark neon sign over Adams Avenue at Felton Street identifies the neighborhood.
4343 Cherokee Ave is just over a mile from the employment hub of Mission Valley. San Diego State University is currently expanding westward and developing SDSU West which will create 4,600 student/faculty housing units, over 1.5 million square feet of office and lab space, 95,000 square feet of commercial/retail space, a 35,000 seat stadium, 400 hotel rooms and 40,000 square feet of conference space, as well as over 80 acres of park and recreational space.
DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.