4151 35th, North Park, CA 92104
- $2,820,000
- List Price
- $2,820,000
- Status
- ACTIVE
- MLS#
- 260016954SD
- Lot Size
- 6,250
- Acres
- 0.14
- Days on Market
- 20
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
Offered at the lowest price per unit in all of 92104, this bread-and-butter apartment property presents a rare value-add opportunity in a strong rental submarket. The property consists of 12 legal units plus an additional non-conforming studio, offering meaningful upside beyond current in-place income. Current actual income reflects only the 12 legal units; income from the studio is not included in these figures. Ownership has initiated the permitting process for the studio and, once complete, pro forma income reflects the studio as a fully permitted 13th unit. With rental upside across the unit mix and an attractive basis relative to the surrounding market, this offering is well suited for investors seeking both stable current income and long-term upside.
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $232,704
- Operating Expense
- 90476
Listing courtesy of Listing Agent: Cody Evans (evans@scc1031.com) from Listing Office: South Coast Commercial, Inc..
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