$2,900,000 $15,568 est/mo Sourced by Back At You

3710 Madison Avenue,San Diego, CA 92116

San Diego CA, 92116

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Description

Excited to present 3710 Madison Ave, a fantastic value-add investment that offers an investor 70% upside in rents in the rapidly accelerating rental market of Normal Heights. The 6,660 square foot structure built in 1959 is situated on a 6,947 square foot lot just over a block from Adams Avenue. The property features eight 2 Bedroom / 1 Bath units, each averaging over 800 square feet. Half of the units have been recently renovated with new flooring and kitchens. In addition, the property offers a common laundry space with leased washer/dryer and 10 surface parking spaces. Please do not walk on the property or disturb tenants.

Details

MLS#240014829SD
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Days On Site17
Listing Provided ByNorthMarq Multifamily 858-675-7865 | Benn Vogelsang
Buying Commision$0

Features

Units8
Building(s)1
Acreage0.16

Market Activity 92116

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountySan Diego
CitySan Diego
Zip Code92116
Area92116 Normal Heights
Listing VS Median (in 92116)
Price:
$2,900,000
low | high
Med:
$947,475
100% of Average
On Site:
17
low | high
Med:
56.500000
30.088495575221% of Average
Sourced by Back At You
Listing Updated: June 27, 2024 at 10:06:02 PM PDT