$2,075,000
$2,200,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
8 Baths
1,130 SqFt
SOLD DATE : 05/01/2024
Key Details
Sold Price $2,075,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,130 sqft
Price per Sqft $1,836
Subdivision Serra Mesa
MLS Listing ID 240003517
Sold Date 05/01/24
Bedrooms 12
Full Baths 8
HOA Y/N No
Year Built 1959
Property Description
We are excited to present for sale the property at 8602 Hurlbut St in the Serra Mesa Submarket of Central San Diego. This complex consists of four spacious (1,130 Sf) 3 bedroom / 2-bathroom apartment homes, all but one of the units have undergone extensive renovations. The property is situated on a 6,983sf lot and the units total 4,518 rentable sf, built in 1959. There are 4 total parking spaces, all of which are positioned in private single car garages. A new owner would be able to capture an additional 50% upside in rents, along with a renovation of the last unit. Nestled in the heart of San Diego, Serra Mesa offers a strategic blend of urban accessibility and suburban tranquility. Known for its central location, residents benefit from proximity to major highways including I-805 to the west, and I-15 to the east allowing residents to make quick connections to downtown San Diego and surrounding neighborhoods. Boasting a family-friendly atmosphere and a range of amenities, Serra Mesa stands out as an attractive locale for investors and residents seeking a dynamic yet peaceful community in San Diego.
Location
State CA
County San Diego
Community Serra Mesa
Area San Diego (92123)
Exterior
Exterior Feature Stucco
Roof Type Other/Remarks
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Conventional
Space Rent $2,450
Listing Terms Conventional
Financing Conventional
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Bought with Angelo Joseph La Bruna III • Apartment Realty Group (ARG)