4020 Cherokee
San Diego, CA 92104
Active for $2,100,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: N/A sqft
| MLS | NDP2402876 |
| Year Built | 1968 |
| Property Type | Multi Family |
| County | San Diego |
| Status | Active |
| Active | $2,100,000 |
| Structure Size | N/A sqft |
| Lot Size | N/A sqft |
| Beds | N/A |
| Baths | N/A |
Description
Investment Opportunity Awaits. 10-Unit Multifamily Gem in Prime Location 4020 Cherokee Ave presents an unparalleled value-add investment opportunity for those looking to capitalize on the booming real estate market. This multifamily property, featuring a generous 6,585 sqft of living space on a sprawling 7,742 sqft lot, offers the perfect blend of potential and location. Comprising six 1-bedroom, 1-bathroom units and four 2-bedroom, 2-bathroom units, this property caters to a wide range of tenants. With 8 of the 10 units currently occupied, investors will enjoy immediate income generation. The two vacant units present an excellent opportunity for cosmetic enhancements to maximize rental income. Each unit comes with a dedicated parking spot, totaling 10 parking spaces. This highly desirable amenity enhances tenant satisfaction and retention. While structurally sound, this property is a blank canvas awaiting your vision. Cosmetic updates can significantly increase its value and rental appeal, offering an attractive ROI to the savvy investor. Located in the vibrant 92104 ZIP code, tenants have easy access to local amenities, public transportation, and major employment hubs. This multifamily property is a rare find for investors seeking to expand their portfolio with a project that promises both immediate returns and long-term capital appreciation. Whether you're looking to apply cosmetic updates to reposition the asset or hold it as a steady income source, 4020 Cherokee Ave offers a solid foundation for success.
Listing information courtesy of: Sez Sezer, Douglas Elliman of California . *Based on information from the Association of REALTORS/Multiple Listing as of 05/12/2024 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.
Location
Contact a Local Realtor®
Izabell Manukyan
REALTOR®
Direct: 818.599.1444
Email: Email Me
DRE: 01726552
DRE #01873088
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