4226 41st Street, East San Diego, CA 92105
- $2,800,000
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 260021529SD
- Lot Size
- 6,256
- Acres
- 0.14
- Days on Market
- 2
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
Exceptional 17-unit gated multifamily investment opportunity in City Heights. Currently operating as a 62+ community, the property offers established operations, desirable amenities, and significant value-add potential. All units feature air conditioning, with an elevator and on-site laundry. Several units have been renovated, while the remaining units provide an opportunity for further upgrades and rental growth. The property is also eligible for the Complete Communities Housing Solutions program due to its location within a Sustainable Development Area (SDA), enhancing the property's underlying land value and providing significant long-term development upside. Ideally located in City Heights near Teralta Park, the property provides convenient access to Interstate 15 and is centrally positioned for access to Downtown San Diego and surrounding neighborhoods. Residents enjoy close proximity to shopping, dining, parks, public transportation, and a variety of everyday services.
Additional Information
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 17
- Gross Scheduled Income
- $201,122
- Operating Expense
- 244528
Listing courtesy of Listing Agent: Kim Klecan (kim@santerraproperties.com) from Listing Office: San Terra Properties.
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