Active
4401 College Ave
San Diego CA, 92115
$1,595,000
$547.73 per sqft
Active
8 Beds
4 Baths
2,912 sqft
Multi-family
Built in 1954
For Sale: Fully renovated 4-unit apartment property. All units are comfortable 2 bed, 1 bath floor plans, featuring updated kitchens & baths, in-unit laundry, dishwashers, large common area/courtyard space, private storage closets and parking for 2 cars per unit. The property is located in close proximity to San Diego State University and approximately 1 mile to College Square. Total in place rents are $8,745 per month, average rent per unit of $2,186 per month. Proven market rents of $2,470 would allow for ~$300 in additional rental income for 3 units below market, with potential for additional utility reimbursement income. Unit 4405 is now vacant and being renovated by the Owner. This unit will be delivered 'turn-key' with projected rent of $2,500. Property is currently operated as traditional rental. However, student housing and short-term rental would be additional operating options. In-unit amenities include stacked washer/dryer, ceiling fans in each bedroom, stainless steel appliances, luxury vinyl plank flooring, wall AC & wall heater, private back patio for lower-level units, reserved tandem parking, and private storage. Community features include gated entrance, garden area, close proximity to SDSU, grocery store, and college area amenities. Property is professionally managed. Please contact Agent for further information and financials. Drive-by only, do not disturb tenants.
240020486
MLSⓇ ID
August 29, 2024
Listed
October 22, 2024
Updated
Map
4401 College Ave
San Diego CA, 92115
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Appliances
Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
Laundry Description
Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Roof
Composition
Other Property Details
Area Name
Metro Uptown
Days on Market
34
Garage
No
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/30/2024 | Active | — |
9/12/2024 | Pending | — |
Listed by Kyle Carruthers, Broker, Kyle Carruthers,
Listing Contact: 949-547-8088
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Data last updated 12:12 AM UTC, 10/22/2024