$ 2,100,000
3681 Fairmount Avenue San Diego, CA 92105
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$ 2,100,000
Est. payment | /mo
$ 2,100,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240015683
Property Description
The Madison Apartments located at 3681 Fairmount Avenue consist of ten spacious 1 Bedroom / 1 Bathroom units built in 1985. The property is gated and features common laundry facilities. The two-story stucco structure contains 5,248 square feet and lies on a 5,985 square foot lot with parking in the rear. There are additional parking spaces available in a parking structure in Fairmount Village. There is over 70% upside in the existing rents. Re-development is also an option with CUPD-CU-3-6 zoning in the Complete Communities Housing Solutions Tier 3 Zone Overlay with 6.5 FAR Parking Standard Transit Priority Overlay. The property is nearly across the street from the City Heights Recreation Center, Library and Park. The Police Station is a few hundred feet away as well as the shopping and retail of Fairmount Village including Starbucks, Jamba Juice and El Super.
Location
State CA
County San Diego
Area East San Diego (92105)
Exterior
Total Parking Spaces 12
Building
Story 2
Others
Space Rent $153,276
Listed by Benn Vogelsang • NorthMarq Multifamily