Jarvis_4plex - 3103-3107 Jarvis Street - San Diego - CA - 92106 - MarketPier

Jarvis_4plex

3103-3107 Jarvis Street - San Diego, CA 92106
$1,560,000
Listing Description

This coastal 4 plex is located in the heart of Point Loma, where new multi-family development is everywhere. This is an outstanding opportunity to acquire an older multi-family property that produces a good cash flow but with improvements will increase your equity position as well as provide increased yearly cash flow. The location is great! Excellent neighborhood, within walking distance to grocery and retail shopping and Sunset Cliffs Natural Park. This asset is perfect as an investment property, student housing or vacation rental. This is a rare opportunity to own a piece of Point Loma as it continues to develop into one of San Diego's premier coastal destinations.

Listing Information
APN/Parcel ID
530-734--06-00
Type
Multifamily
Building Size
3,342 sqft
Lot Size
4,867 sqft
Price / SQFT
$467
No Units
4
Price / Unit
$390,000
Net Income
$50,639
Cap Rate
3.25%
Listing Date
9/5/2018
Days Active
95
Last Updated
9/5/2018
Unit Mix
3
2
1
825
$1,800
1
1
1
790
$1,600
Listing Provided By
Arthur DeJohn
ADJ Commercial

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Arthur DeJohn
Listing Agent
adejohn@adjcommercial.com
MarketPier
Buyer Agent
dhaas@haasdevelopment.com
858-215-4245