4337-43 Winona AveSan Diego, CA 92115

Property Details for 4337-43 Winona Ave

Year built

1948

Property size (Sq ft)

2,406 SF

Property type

Apartment buildings

Description

This exceptional value-add opportunity presents a four-unit apartment building located at 4337-43 Winona Ave, San Diego, CA 92115. The property boasts a total of 2,406 rentable square feet situated on a generous 6,831 square foot lot. The building comprises two structures, each two stories high, constructed in 1948. The unit mix includes two two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units, complemented by four single-car garages. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $48,095, representing a 4.58% capitalization rate. However, a pro-forma analysis projects a significantly improved NOI of $65,536, resulting in a compelling 6.24% pro-forma cap rate. This presents a substantial opportunity for increased profitability through strategic value-add improvements. The asking price is $1,050,000, or $262,500 per unit. This Class C multifamily investment is situated in San Diego County, offering strong potential for appreciation and cash flow growth. The property's location and unit configuration make it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in the vibrant San Diego market.

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7557

Longitude

-117.088

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