Property Detail
Description
Now available, a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and trash. The property features updated electrical systems and tenant-friendly amenities including garage parking and an onsite laundry facility, enhancing tenant convenience and retention. With a current **11.8 GRM** and **6.3% CAP rate**, this asset offers immediate cash flow and long-term upside for investors. The owner is in the process of updating the roof on the front structure. This property can be purchased together with the adjoining 4-unit property at **4250 10th Street**, offering a rare chance to acquire 8 total units side by side. This is an excellent opportunity for investors looking to expand their portfolio with a desirable asset in a strong rental market.
Map Location
Listing provided courtesy of Kristopher German of RE/MAX 2000 REALTY. Last updated 2025-05-14 08:12:19.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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