MLS# 230002134 - 3939 7th Avenue, San Diego, CA 92103
Courtesy of NorthMarq Multifamily.
Property Type:
Com-res Income
Status:
Active
Neighborhood:
Ca
Days On Website:
447
Property Details for 3939 7th Avenue, San Diego, CA 92103
Description
La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING available at 3.89% fixed until December 2026. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.
Open House
Features
Appliances & Equipment
- 16 units with dishwasher
- 16 units with range
- 16 units with refrigerator
Bedrooms
- 1 bedroom
Building
- 1928 years old
- 2 stories
Expenses
- Operating expense: $115,060
Income
- Gross operating income: $369,780
Listing
- Source: SDMLS
- For Sale
- 386 days on market
- Listing date: 2023-01-31
Location
- County: San Diego
Lot
- Approximately 5,697 lot square feet
Unit One
- Individual rent: $1,929
- Total rent: $30,864
- 1 bathroom
- 16 units of this type
Property Map
Map View
$5,850,000 - 3939 7th Avenue, San Diego, CA 92103
Street View
Directions
3939 7th Avenue
San Diego, CA 92103
County: San Diego