4109 Park Pl, Normal Heights CA, 92116

Sold

4109 Park Pl

Normal Heights CA, 92116

$3,540,000

$747.62 per sqft

Sold

10 Beds

4,735 sqft

Commercial

We are pleased to present this opportunity to acquire a 7-unit apartment complex located in the Kensington neighborhood of San Diego. The property was newly remodeled and features an ideal unit mix of one (1) two- bedroom/two-bath, two (2) two-bedroom/ one-bath, four (4) one-bedroom/one-bath units totaling approximately 4,735 square feet. New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. An investor has the opportunity to add an ADU in the garage to increase gross rents over 15%. The Park Place apartments are adjacent to Kensington Park and one block from Adams Avenue. From fine dining, coffee shops, to amazing schools, Kensington has something for everyone. With most properties in this area being single family homes, this asset offers the investor a unique opportunity to corner the market. This is an absolute must see asset with many improvements made to the interior and exterior of the property. The Park Place apartments have a central location that is near Kensington Village, Starbucks, Ponce's, and many other restaurants.

220027944

MLSⓇ ID

November 11, 2022

Listed

October 2, 2024

Updated

Map

4109 Park Pl
Normal Heights CA, 92116

Interior Features

Total Stories: 2
Bedrooms: 10
Appliances: Dishwasher, Range, Refrigerator, Disposal
Laundry Description: Owned
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.14 Acres
Lot Features: Landscaped

Other Property Details

Area Name: Metro Uptown
Days on Market: 41
Garage: Yes
Parking Total: 6
View: No
County: San Diego
Pool: No
Zoning: R-4:MULTIP

Listed by HomeCoin.com, Jonathan P Minerick,
Listing Contact: 888-400-2513

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Data last updated 4:09 AM UTC, 10/2/2024