Listing provided courtesy of Krista Losito of KB Investments. Last updated 2024-09-07 08:58:13.000000. Listing information © 2024 Sandicor.
Asking Price: $3,950,000
3204 Collier Ave, San Diego CA 92116
Community: 92116 - Normal Heights
This Commercial/Residential property was built in 0 and is priced at $3,950,000. Please see the additional details below.
We are pleased to present 3204 Collier Ave. in the sought after neighborhood of Normal Heights. This 8 unit apartment complex has been completely renovated in the last 6 months with over $750,000 in capital improvements. There are four large 1bedroom/1bath units, two 2bedroom/1bath units, and one 2bedroom/2bath unit. All units have been extensively remodeled with high-end finishes including flooring, paint, and appliances. All units all have new washer/dryers, splits with A/C and heat, and tankless water heaters. The exterior renovations include a new roof, concrete, landscape and stucco. With brand new market rent leases and RUBs in place, this 8 unit apartment complex is perfect for an investor looking for low maintenance and low management with a true 5% CAP with new taxes and insurance. Potential to for an investor to convert garages into ADU's for additional income.