Property Details
Property Name
4053 Cherokee Avenue
Address
4053 Cherokee Avenue, San Diego, CA
Asking Price
$2,655,000
Units
9
Building Size
5,908 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$295,000
Status
Active
Broker
South Coast Commercial
Investment Opportunity
South Coast Commercial is pleased to present 4053 Cherokee Avenue, a fully renovated 9-unit multifamily investment in the highly desirable North Park neighborhood of San Diego. The unit mix includes six 1-bedroom/1-bath units and three 2-bedroom/1-bath units, each thoughtfully updated with faux-wood flooring, modern white cabinetry, grey quartz countertops, stainless steel appliances, and contemporary fixtures. Additional improvements include fresh paint, upgraded closet and interior doors, new bath vanities, and windows.
Exterior renovations include newer paint, updated fencing, refreshed landscaping, modern lighting, new mailboxes, a shared BBQ and picnic area, and a controlled-access entry system. On-site amenities include nine off-street parking spaces, leased laundry facilities, and additional storage. Professionally maintained and consistently 100% occupied, the property offers investors a low-maintenance, income-generating asset in a high-demand infill location.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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