The Bove Group

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1203 23rd Street, San Diego, CA, 92102

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Sold Price:

$1,9000,000

Cap Rate:

6.30%

Price/SF:

$686.42

Price/Unit:

$166,667

Gross Building Area:

2,768 SF

Lot Size:

3,909 SF

Status:

Closed

Submarket:

Central

Property Type:

Apartments

Strategy:

Core

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INVESTMENT HIGHLIGHTS

  • 12 Micro Units Completely Rehabbed

  • Turnkey Asset, Recently Renovated by Current Owner

  • 11 Units have ensuite bathrooms, 1 Units has a shared bathroom

  • Operated as furnished weekly rentals

  • Excellent Location Walking Distance to Downtown San Diego, Balboa Park

  • Nearly Zero Vacancy; Potential Vacation Rental Repositioning


Listed By:

Aaron Bove
Senior Vice President, Investments
aaronbove@thebovegroup.com
(858) 373-3237