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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,895,000

Est. payment | -/mo

12 Beds

8 Baths

Save Virtual Tour

$ 1,895,000

Est. payment | -/mo

Save Virtual Tour

12 Beds

8 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Park

MLS Listing ID 260017219

Bedrooms 12

Full Baths 8

Year Built 1987

Property Sub-Type Res Income 2-4 Units

Property Description

Price reduced by $100,000. Bring all Offers. The Landis Canyon Apartments is a 4-unit, canyon-facing property built in 1987, consisting of four large 3BR/2BA units situated on a 0.21-acre flat lot in the highly desirable 92104 zip code. The asset offers stabilized market rents with current income of approximately $11,400/month, along with architectural plans in place to add two additional units (2BR/2BA + 3BR/3BA), projected to generate an additional ~$7,000/month. The property is centrally located between the 805 and 15 freeways, within close proximity to North Park, South Park, and Normal Heights. Tenants benefit from walkable access to retail, dining, and entertainment, while the large unit sizes appeal to both families—due to nearby schools and conveniences—and young professionals seeking an urban lifestyle

Location

State CA

County San Diego

Area Metro Uptown

Interior

Cooling Zoned Area(s)

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4476412900

Acceptable Financing Conventional

Listing Terms Conventional

Virtual Tour https://www.propertypanorama.com/instaview/snd/260017219

Listed by Thomas McCartin, DRE#01427348 Marcus & Millichap

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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3553 Landis Street San Diego, CA 92104