4341 Texas ST, San Diego, CA 92104
4341 Texas ST, San Diego, CA 92104
4341 Texas ST, San Diego, CA 92104
26
See all 26 photos
$3,600,000
Est. payment /mo
Save Virtual Tour
7,004 Sqft Lot
New

4341 Texas ST San Diego, CA 92104

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sandy Rodriguez

Sandy Rodriguez

+1(619) 309-7405

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2606618

HOA Y/N No

Year Built 1987

Lot Size 7,004 Sqft

Property Description

4341 Texas Street, San Diego offers a fully renovated, 1987 construction, 9-unit multifamily asset with an excessive 14 off-street parking spaces, immediate cash flow and remaining rental upside. 100% of units have been renovated. The property is ideally situated in the center of Northpark, one of San Diego's strongest and fondest rental markets. The property consists of an ideal and diverse unit mix of (6) 1 Bed / 1 Bath and (3) 3 Bed / 2 Bath units. All 3-Bedroom units possess in-unit laundry and AC. Onsite laundry is provided for the 1-bedroom units. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Submarket. 4341 Texas will outperform competing rentals by providing over a 1:1 off-street parking ratio plus an additional 4 garage spaces yielding 14 total parking spaces for 9 units, which is just shy of 1 parking space per bedroom, an extremely rare commodity in the dense Northpark submarket. The property features full ABS plumbing, individual unit water heaters for reduced SDGE usage,Challenger brand electrical panels with Romex wiring (400 amp/220V main service), and a pitched shingle roof. Ownership will benefit from the highly desirable infrastructure systems of a 1987 construction asset while maintaining the operational simplicity of a low-density asset, 2 story walk up building. The asset currently generates $272,612,412 annual GSI and $181,414 NOI, yielding a 5.04% in-place cap rate. There is approximately 11% income upside remaining with select units, the implementation of a utility billback program, and separated billing one of the double car garages. The asset is forecasted to produce $301,380 GSI and a 5.78% market cap rate at full market operations, with no additional capital investment required to achieve that additional income

Location

State CA

County San Diego

Area 92104 - North Park

Zoning RM

Interior

Fireplace No

Laundry Common Area, Laundry Closet

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Park

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Lot Description 36-40 Units/Acre

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4453420700

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2606618

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Maxwell Brown Commercial Asset Advisors mbrown@caacre.com, DRE #02127395

NEARBY SCHOOL & BUSINESS

Sandy Rodriguez
Sandy Rodriguez

Real Estate Professional License ID: 01908969

+1(619) 309-7405 | sandy@sandysellssocal.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Sandy Rodriguez, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4341 Texas ST

Quick Search