3860-64 Wilson Ave, North Park, CA 92104

$1,295,000
5
BD
4
BA

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List Price
$1,295,000
Days on Market
0
Status
ACTIVE
MLS#
260022532
Bedrooms
5
Bathrooms
4
City
North Park
Neighborhood
Wabash Gardens
Complex/Building Name
N/A
Property Type
Multifamily
Year Built
1955

Property Description

3860–64 Wilson Ave is a well-positioned three-unit multifamily property located in San Diego’s desirable 92104 submarket near North Park. Built in 1955, the property offers approximately 1,856 rentable square feet on an oversized 7,224 square foot lot and features an attractive unit mix consisting of one 1Br/1Ba, one 2Br/1Ba, and one 2Br/2Ba unit. Each unit offers in-unit washer & dryer and private yards. Offered at $1,295,000 ($431,667 per unit; $697.74 per SF), the asset provides investors with immediate in-place income, generating approximately $61,684 of NOI and a 4.76% going-in cap rate, with additional upside to approximately $65,234 of NOI and a 5.04% cap rate at estimated market rents.

Additional Information

Building Name
N/A
Cooling
Window/Wall
Neighborhood
Wabash Gardens
Roof
Composition
Tenant Pays
Electricity, Gas/Propane
Year Built
1955

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Adrian Gonzalez-Pureco (858-735-9977) from Listing Office: Bridgepoint Realty Inc.

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