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4020-24 Iowa St

San Diego, CA 92104
  • $2,495,000
  • STATUS: ACTIVE
  • ON SITE: 33 Days
  • ID#: 240005661
$2,495,000
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present "The Oliver", located at 4020-24 Iowa St. The unit mix features two (2) one-bedroom / one-bathroom units, two (2) two-bedroom / two-bathroom cottage style units, and one (1) three-bedroom / two-bathroom cottage style unit. The property boasts five (5) covered carports in the ally, two (2) subsurface parking spaces out front, and gated pedestrian access in the front and rear of the property. The Oliver underwent extensive interior and exterior renovation program in 2017 and has operated as a true pride of ownership asset since then. With ample parking, in unit laundry facilities, and a low density layout, "The Oliver" is poised for ease of management ownership. The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 96 which walkscore.com calls “a walkers paradise”. It is approximately one-and-one-half mile from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/148611090
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4020-24 Iowa St San Diego, CA 92104

  • Price: $2,495,000
  • Status: ACTIVE
  • On Site: 33 Days
  • ID#: 240005661
6
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighborhood:
North Park (92104)
County:
San Diego
Area:
North Park (92104)
Property Description
We are pleased to present "The Oliver", located at 4020-24 Iowa St. The unit mix features two (2) one-bedroom / one-bathroom units, two (2) two-bedroom / two-bathroom cottage style units, and one (1) three-bedroom / two-bathroom cottage style unit. The property boasts five (5) covered carports in the ally, two (2) subsurface parking spaces out front, and gated pedestrian access in the front and rear of the property. The Oliver underwent extensive interior and exterior renovation program in 2017 and has operated as a true pride of ownership asset since then. With ample parking, in unit laundry facilities, and a low density layout, "The Oliver" is poised for ease of management ownership. The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 96 which walkscore.com calls “a walkers paradise”. It is approximately one-and-one-half mile from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa.
Interior Features

Sq Ft Of Improvement 3400

Property Features

Actual Cap Rate 4.62 Actual Gross Scheduled Income 172860.0 Actual Operating Expense 57074 Assumable Finance 0 Buildings 3 Gross Equity 2495000 Gross Multiplier 14.43 Have 5 Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Short Sale No Unit Number1 2 Unit Number2 2 Unit Number3 1 Unit Rent1 2460 Unit Rent2 2795 Unit Rent3 3895

San Diego MLS logo Listing provided courtesy of Austin Huffman of Marcus & Millichap: 858-373-3100. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty | Keller Williams La Jolla
4138 Napier St.
San Diego CA, 92110