FOR SALE - 7 Units - 4586 Idaho St,

The 7-unit apartment complex located 4586 Idaho Street in San Diego, California is well located in the highly desirable neighborhood of North Park with an excellent walk score of 88. Constructed in 1985, the 5,693 rentable square feet sits atop a 6,991 square foot lot on a quiet residential street.

 

The property hosts a desirable unit mix of 86% two bedroom, two bathroom units -- a total of six, and one
additional one bedroom, one bathroom unit. Two of the units have recently undergone renovations, leaving the
remaining five units to be upgraded to their preference by the new owner. In addition to the rent roll, the
property yields an additional monthly income of $415 to cover utility costs.

Each unit features a fireplace and washer/dryers in-unit, as well as a large average unit square footage of 813.
Seven single car garages on site offer additional demand for tenancy as well as potential investment upside for
ADU garage conversions. Remaining upside in rents presents an opportunity for the new owner to take
advantage of this high demand location and push cash flow through consistent annual rent increases.

4586 Idaho Street offers the rare opportunity to invest in condo-grade quality construction in one of the most
sought after zip codes in San Diego, with a superior, high demand unit mix of mostly two bedroom, two
bathroom units. This is the first time this property has been on the market in over 35