La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry,… Read More and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue. Read Less
Courtesy of NorthMarq Multifamily, , Benn Vogelsang.
Listing Snapshot
Days Online
24
Last Updated
Property Type
Com-Res Income
Full Baths
16
Square Ft.
8,568
Lot Size
0.13 Acres
MLS Number
260007693
Additional Details
Building
Built in 0, Building area total: 8568, 1 number of building, 2 stories, Living area: 8568, Living area units: Sqft, Building area units: Sqft, 16 total units
Expenses
Operating expense: $120,922
Income
Gross scheduled income: $372,828
Lot
5,697 size sqft, Size units: Acres
Property
Property subtype: Com-Res Income, Property type: Residential Income
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Source: San Diego MLS
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