3845-55 Chamoune Avenue, San Diego, CA 92105

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$6,195,000

Est. payment - /mo

6 Beds

9,350 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 9,350 sqft

Price per Sqft $662

MLS Listing ID 250041714

Bedrooms 6

Property Sub-Type Com-Res Income

Property Description

CASH FLOW! CASH FLOW! CASH FLOW! Discover the pinnacle of real estate investment in the vibrant City Heights neighborhood of San Diego. Presenting 3845-55 Chamoune Avenue—a newly listed 22-unit apartment building that epitomizes stability, convenience, and unparalleled returns. 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 March 2029, further enhancing the property's affordability and profitability. Boasting twenty 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. Benefit from recent capital investments, including newer 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. 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. This investment gem promises exceptional cash flow from day one, boasting an impressive yield of approximately 7.4% (day 1!).

Location

State CA

County San Diego

Area Metro Uptown

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Tax ID 471-581-35-00

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Listed by Josh Browar The Browar Group

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

3845-55 Chamoune Avenue San Diego, CA 92105

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

Get More Information