4640 Kansas Street

Description

We are pleased to present 4640 Kansas Street located in San Diego, California. Built in 1960, the 8-unit apartment complex is located in the highly desirable neighborhood of North Park and boasts a Walk Score of 94. The property sits on a 7,005 square foot lot and has approximately 5,400 rentable square feet. The unit mix consists of (4) two-bedroom / one-bathroom units and (4) one-bedroom / one-bathroom units. The units have been well-maintained over the years, having received basic upgrades including dual pane vinyl windows on all units. Attractive tenant offerings include: gated access, on-site laundry, and (11) off-street parking spaces. Each of the ground level units have their own private patio enclosures. Through a substantial, modern renovation an investor could dramatically increase cash flow by bringing rents up to market levels. Located less than a block from Adams Avenue and one block from 30th Street, the property is within walking distance to all the best attractions North Park and Normal Heights has to offer. There is also easy access to the 805 freeway within a few blocks. 4640 Kansas Street ultimately presents investors the rare opportunity to acquire a well maintained, value-add asset with significant rental upside in one of San Diego’s most desirable rental markets. Please Contact Listing Agent For Offering Memorandum.

Listing information courtesy of: Ben Sierpina, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of 09/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.