CA > San Diego
San Diego, CA 92104,3864 35th Street
San Diego, CA 92104,3864 35th Street
San Diego, CA 92104,3864 35th Street
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,350,000
Est. payment /mo
7,130 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250035401SD

HOA Y/N No

Lot Size 7,130 Sqft

Property Sub-Type Mixed Use

Property Description

We are pleased to present the opportunity to acquire Las Palmas Apartments, an 18-unit multifamily community located in the high-demand Cherokee Point neighborhood of San Diego, California. Las Palmas is a three-story, elevator-served property comprised of a desirable unit mix, including eleven two bedroom/ one-bath units, six one-bedroom/one-bath units, and one studio. The property has recently undergone significant capital improvements, including new exterior paint, all-new black vinyl windows, and targeted roof repairs. Eleven of the eighteen units have been fully renovated, offering immediate in-place cash flow with the ability to unlock further upside through the renovation of the remaining units. Ideally located just minutes from Balboa Park, Downtown San Diego, and several major employment hubs, Las Palmas benefits from strong demand drivers in one of the most vibrant and supply-constrained rental submarkets in San Diego. With limited new multifamily development in Cherokee Point and the surrounding North Park corridor, the property represents a compelling investment opportunity with both stability and value-add potential through continued interior improvements and operational efficiencies.

Location

State CA

County San Diego

Area 92104 - North Park

Interior

Fireplace No

Exterior

Total Parking Spaces 11

Others

Tax ID 44745227

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CRMLS – RECore
Listed by Erik Anderson Newmark of Southern California

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