$ 5,600,000
3933-45 Hamilton St San Diego, CA 92104
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$ 5,600,000
Est. payment | /mo
$ 5,600,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240014613
Property Description
We are excited to present 3933 Hamilton Street in San Diego, California. Built in 1927, this 14-unit apartment complex features a Walk Score of 95 and offers 7,056 rentable square feet on a 13,986 square foot lot in North Park. The unit mix includes twelve one-bedroom units and two two-bedroom units. Tenant amenities include gated access, a large courtyard, on-site laundry, eight off-street parking spaces, a two-car garage, and a one-car garage. The property is well-maintained with below-market rents, offering an opportunity for rent increases through renovation. Recent updates include repainting in the original classic white, replacing 12 of 18 custom windows, new roofs on the front buildings, and updated landscaping. Recognized by the North Park Historical Society, the property has a strong chance of receiving historic designation, potentially leading to Mills Act property tax savings. Additionally, the rear garages could be converted into two Accessory Dwelling Units (ADUs).
Location
State CA
County San Diego
Area North Park (92104)
Building
Story 2
Others
Space Rent $280,382
Listed by Thomas McCartin • Marcus & Millichap
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States