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$ 3,095,000
Est. payment | /mo
6,772 Sqft Lot
$ 3,095,000
Est. payment | /mo
6,772 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250000053
Lot Size 6,772 Sqft
Acres 0.16
Property Description
We are pleased to present Monroe Place, an 8-unit, extremely well-maintained apartment building in the highly gentrifying Normal Heights neighborhood of San Diego, California. Units are composed of three 2-bedroom / 1-baths at 742 square feet and five 1-bedroom / 1-baths at 550 square feet on a single 6,772 square foot lot. Half of the units have received moderate to highest-end upgrades within the last 3 years (#1 & #4 have received highest tier improvements) while the remainder have been upgraded and very well maintained within the last 10 years and still have substantial upside in rents. The property has been fine-tuned under high-care, hands-on local ownership. There are 3 off-street parking spaces, four single car garages, and an on-site laundry room. The roof was replaced last year, plumbing has been fully removed and replaced with easy accessibility between the first and second floors and dual pane windows have been installed for energy efficiency. Units feature granite and quartz countertops, ceramic tile and laminate flooring, recessed lighting, newer appliances, 4 units feature new cabinetry and select units include new vanities and carpet in the bedrooms. Five units include either mini-splits or wall-mounted A/C. Exterior stucco includes fine stone finishes, painted wall art, stone walk-ways lush landscaping. Balconies could be added to units #s 4,5,6,7 while patios could be added to unit #s 1,2,3. Kitchens could all be open-plan and in-unit under-counter laundry could be inserted to all units.
Location
State CA
County San Diego
Area Normal Heights (92116)
Interior
Heating Wall
Cooling Wall/Window
Flooring Tile, Vinyl
Laundry Owned
Exterior
Exterior Feature Fully Landscaped, Metal Fence
Parking Features Carports, Garages, Spaces
Roof Type Tar & Gravel
Total Parking Spaces 8
Building
Story 2
Lot Size Range .25 Acres or less
Others
Space Rent $209,460
Listed by Conor M Brennan • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1420 Kettner Blvd Suite 100, Diego, California, 92101, United States