4582 Bancroft St Immeuble residentiel 7 lots 2 012 431 € (287 490 €/Lot) Taux de capitalisation 4,79 % San Diego, CA 92116

Whitewater Commercial Real Estate is pleased to present a 7-unit apartment complex in the thriving and hip neighborhood of Normal Heights. 4582 Bancroft Street was built in 1968 and renovated in recent years. This rare opportunity presents a quality multifamily asset with significant rental upside through further building and operational improvements.
4582 Bancroft Street’s unit mix consists of (2) two-bedroom/two-bathroom units, (1) two-bedroom/one-bathroom unit, and (4) one-bedroom/one-bathroom units. The units also have access to off-street parking with (5) surface spaces and (2) two-car garages off the alley. The property has undergone many renovations over the years including updated kitchens and bathrooms, vinyl plank flooring, and interior upgraded electrical panels. Select units feature walk-in closets and all units feature in-wall Air Conditioning. The property has also been retrofitted with dual pane vinyl windows and secure gated access to the courtyard.
This opportunity appeals to the passive investor while also offering significant upside in rents with minimal effort. Just one block South of the main thoroughfare in Normal Heights consisting of many bars and restaurants, Adams Ave., the property is well positioned with the investor’s longevity in mind.