Active
3845 Chamoune Ave
East San Diego CA, 92105
$6,000,000
$699.30 per sqft
Active
6 Beds
8,580 sqft
Commercial
3.03% INTEREST ONLY FINANCING THROUGH 2029! CASH FLOW!!! Discover the pinnacle of real estate investment in the vibrant City Heights neighborhood of San Diego. Presenting 3845 Chamoune Avenue--a newly listed 22-unit apartment building that epitomizes stability, convenience, and unparalleled returns. Boasting twenty-one meticulously crafted one-bedroom, one-bathroom apartments, alongside a two-bedroom, two-bathroom unit, and a three-bedroom, one-bathroom apartment, this property caters to diverse tenant preferences, ensuring high occupancy rates and steady rental income streams. Experience the pinnacle of comfort and convenience with ample off-street parking and on-site laundry facilities, elevating the resident experience and fostering long-term tenant satisfaction. Benefit from recent capital investments, including new roofs, fresh exterior paint, upgraded fencing, security systems, energy-efficient windows, and essential infrastructure enhancements such as rerouted water lines and interior unit upgrades--ensuring minimal maintenance costs and maximum tenant satisfaction. This investment gem promises exceptional cash flow from day one, boasting an impressive yield of approximately 6.5% (day 1!). With stable rental income and minimal expenses, investors can enjoy robust returns without delay. Take advantage of an assumable Freddie Mac loan, featuring a loan balance of $3,240,000 and an attractive interest-only rate of only 3.03% through 2029, further enhancing the property's affordability and profitability.
240006087
MLSⓇ ID
March 21, 2024
Listed
October 2, 2024
Updated
Map
3845 Chamoune Ave
East San Diego CA, 92105
Interior Features
Total Stories
2
Bedrooms
6
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Other Property Details
Area Name
Metro Uptown
Garage
No
View
No
County
San Diego
Pool
No
Listed by The Browar Group, Josh Browar,
Listing Contact: 858-414-4398
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Data last updated 3:00 AM UTC, 10/2/2024