4020 Cherokee, San Diego, California 92104
  • $2,100,000
  • $2,100,000

Overview

Property ID: NDP2402876
  • Multi Family, Commercial Sale
  • Property Type
  • 6585 Sqft
  • Area Size
  • 1968
  • Year Built

Description

Investment Opportunity Awaits. 10-Unit Multifamily Gem in Prime Location 4020 Cherokee Ave presents an unparalleled value-add investment opportunity for those looking to capitalize on the booming real estate market. This multifamily property, featuring a generous 6, 585 sqft of living space on a sprawling 7, 742 sqft lot, offers the perfect blend of potential and location. Comprising six 1-bedroom, 1-bathroom units and four 2-bedroom, 2-bathroom units, this property caters to a wide range of tenants. With 8 of the 10 units currently occupied, investors will enjoy immediate income generation. The two vacant units present an excellent opportunity for cosmetic enhancements to maximize rental income. Each unit comes with a dedicated parking spot, totaling 10 parking spaces. This highly desirable amenity enhances tenant satisfaction and retention. While structurally sound, this property is a blank canvas awaiting your vision. Cosmetic updates can significantly increase its value and rental appeal, offering an attractive ROI to the savvy investor. Located in the vibrant 92104 ZIP code, tenants have easy access to local amenities, public transportation, and major employment hubs. This multifamily property is a rare find for investors seeking to expand their portfolio with a project that promises both immediate returns and long-term capital appreciation. Whether you’re looking to apply cosmetic updates to reposition the asset or hold it as a steady income source, 4020 Cherokee Ave offers a solid foundation for success.

  • Address: 4020 Cherokee
  • City: San Diego
  • State/county: CA
  • Zip/Postal Code: 92104

Details

Updated on June 19, 2024 at 5:09 pm
  • Property ID NDP2402876
  • Price $2,100,000
  • Property Size 6585 Sqft
  • Year Built 1968
  • Property Type Multi Family, Commercial Sale
  • Property Status Closed

Additional details

  • Listing Terms Conventional
  • County San Diego
  • Property Type Commercial Sale

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