$3,640,000 5048 Wightman St. San Diego, CA

MLS: 190009294   Type: Income   County: San Diego   City: San Diego   Area: Metro Uptown   Neighborhood: Metro Uptown   Zip: 92105  

Mortgage $17,089 /mo



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Marcus & Millichap is pleased to present for sale a tremendous opportunity to own Twenty Garden Style Apartment Units in one of San Diego's strongest and most stable rental markets. All of the units have been upgraded to some extent over the past 5 years but over the past year the current owner spared no expense in meticulously renovating three of the units with high-end finishes, paint, tile-flooring,cabinets,and appliances. The Property Exterior has been upgraded with New Paint, Roof and All Units have New Windows. The tenants enjoy onsite parking and laundry;and the new Wightman Street Neighborhood Park right next door. The property is located in a nationally recognized opportunity zone, which promotes more housing developments and rehabilitation in an already rapidly gentrifying City Heights neighborhood. This investment opportunity is ideal for a new owner to renovate the remaining units, raise rents, and achieve an attractive cash-on-cash return.

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Price History

2/18/2019 Listed $3,640,000

Sale/rent For Sale
Total Units 20

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Property vs Zip Code Avg (92105)

Price 3.64M Avg 2.44M

Sqr Feet 7,680 Avg 5,282

Cost / Sqr Ft $474 Avg $464

Visits 71 Avg 35

Days on Site 106 Avg 57

Walkscore® 72 Avg 77

Data Provided by Walkscore ® not using MLS data

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Location & Address

The Barron Team @ Compass
9474 Kearny Villa Rd. Ste. 103
San Diego, CA