3570 43Rd StSan Diego, CA 92105

Property Details for 3570 43Rd St

Year built

1964

Lot size

0.16 AC

Property size (Sq ft)

5,932 SF

Zone code

R-4:MULTIPLE RESIDENTIAL

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

476-021-31-00

APU

4760213100

Description

This exceptional 8-unit apartment building in San Diego, CA (3570 43rd St, 92105) presents a compelling investment opportunity. Boasting a 100% occupancy rate and recently completed renovations (2022), this stabilized property offers immediate cash flow. The 6,185 square foot building features a desirable unit mix of seven 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit, all with efficient floor plans. Recent upgrades include a new roof, new flooring, updated vanities and appliances, dual-pane windows, and a gated security system. Additional amenities include on-site laundry and off-street parking. The property's strong financial performance is reflected in its current NOI of $162,347 and a pro-forma NOI of $168,470, yielding a 4.80% cap rate and a pro-forma cap rate of 5.00%. The asking price is $3,399,000, or $424,875 per unit. This meticulously maintained complex provides low maintenance and high-end finishes, attracting modern tenants and ensuring long-term value. Its convenient location offers easy access to schools and freeways, further enhancing its appeal. The property is situated in San Diego County and has an APN of 476-021-31-00. This is a turnkey investment ready for a new owner to enjoy immediate returns.

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7435

Longitude

-117.102

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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