Sold

3071 Hawthorn

North Park CA, 92104

$1,675,000


$735.94 per sqft

Sold

4 Beds

2,276 sqft

Commercial

Premier Cottage Style property in an irreplaceable San Diego location near Fern and 30th St surrounded by boutique coffee roasters, breweries, classic restaurants, and walking distance to the famous Balboa Park! Ownership can deliver the entire rear building empty at closing consisting of the primary 2 bedroom unit, the downstairs 1 bed unit, and a huge yard! Allowing an ideal owner-occupy scenario or allowing an investor to immediately renovate those units and capture the current historical high market rents. 3071 Hawthorn can provide a significantly stronger than average market return at an incredible 4.26% cap rate on as-is unit conditions or 4.81% if the empty rear building is renovated, and 5.95% proforma cap rate after all units are renovated. All units possess mid to large size large private yards with no more than one shared wall and under market rents. Attractive financing quote in hand for a 30% downpayment at a 4.825% interest only rate for 5 years fixed! Or 25% downpayment at a 4.75% rate 5 year fixed with a 30 year amortizing schedule.

220020051

MLS ID

August 2, 2022

Listed

February 10, 2024

Updated

Map

3071 Hawthorn
North Park CA, 92104

Interior Features

Bedrooms

4 Beds


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Other Property Details

Area Name

Metro Uptown


Days on Market

9


Garage

No


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

2.25%

Listed by CBRE, Allen S Chitayat,
Listing Contact: 858-546-2644 

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