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4045 Cherokee Ave San Diego CA 92104 MLS #240025551SD

Excellent North Park – City Heights location in one of the most vibrant rental areas in Metro San Diego. This property consists of 3 two bedroom/one bath units and 6 one bedroom/one bath units with onsite laundry as well as parking with 4 spaces in the front and 5 spaces off the alley. Ideally located on a 7,005 square foot parcel, incredible opportunities exist for the new owner who wishes to renovate and personalize the interior and exterior spaces. This property has been in the same family for 49 years and has been well maintained with moderate updating. Walkscore.com rates this property as a 90 out of 100 with nearby parks and shopping, so daily errands may not require a car. Actual Operating Expenses listed here are an average for the years 2021-24. Gross Rent Multiplier uses actual gross scheduled rents. Square footage of improvements shown here is an estimate based upon the property management company’s estimate of each unit. Cap rate is annualized and adjusted for Capital Expenditures

Property Details

Price:
$2,300,000
MLS #:
240025551SD
Status:
Active
Baths:
0
Address:
4045 Cherokee Ave
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92104northpark
City:
San Diego
Listed Date:
Oct 28, 2024
State:
CA
ZIP:
92104

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Parking Spots
9.00

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