Sold
4109 Park Pl
Normal Heights CA, 92116
$3,540,000
$747.62 per sqft
Sold
10 Beds
4,735 sqft
Commercial
We are pleased to present this opportunity to acquire a 7-unit apartment complex located in the Kensington neighborhood of San Diego. The property was newly remodeled and features an ideal unit mix of one (1) two- bedroom/two-bath, two (2) two-bedroom/ one-bath, four (4) one-bedroom/one-bath units totaling approximately 4,735 square feet. New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. An investor has the opportunity to add an ADU in the garage to increase gross rents over 15%. The Park Place apartments are adjacent to Kensington Park and one block from Adams Avenue. From fine dining, coffee shops, to amazing schools, Kensington has something for everyone. With most properties in this area being single family homes, this asset offers the investor a unique opportunity to corner the market. This is an absolute must see asset with many improvements made to the interior and exterior of the property. The Park Place apartments have a central location that is near Kensington Village, Starbucks, Ponce's, and many other restaurants.
220027944
MLSⓇ ID
November 11, 2022
Listed
August 23, 2024
Updated
Map
4109 Park Pl
Normal Heights CA, 92116
Interior Features
Total Stories
2
Bedrooms
10
Appliances
Dishwasher, Range, Refrigerator, Disposal
Laundry Description
Owned
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Landscaped
Other Property Details
Area Name
Metro Uptown
Days on Market
41
Garage
Yes
Parking Total
6
View
No
County
San Diego
Pool
No
Zoning
R-4:MULTIP
Listed by HomeCoin.com, Jonathan P Minerick,
Listing Contact: 888-400-2513
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Data last updated 7:58 AM UTC, 8/23/2024