2241 4th Avenue, San Diego CA 92103 | $13,495,000

This Property is comprised of two parcels We are pleased to present Casa Blanca (the “Property”), an attractive rental community located in Bankers Hill in San Diego, California. The offering presents real estate investors the opportunity to acquire a turn-key stabilized real estate asset that has been professionally managed and meticulously remodeled while still preserving the charm and historical features of that era - featuring claw foot bathtubs, original ice boxes for extra storage, and hardwood flooring in select units. This listing is being offered with attractive, in-place assumable financing. The Property consists of 38 units, spread out across two parcels totaling 15,777 square feet. The Property was extensively renovated in 2018 and is well-maintained by the current ownership. Casa Blanca units are comprised of ten (10) one-bedroom / one-bath units and twenty-eight (28) studios. The Property provides tenants with secure gate entry with code access, a common area BBQ, dog wash, common area games, bike racks, and modern laundry facilities - featuring smartphone pay. Unit 101 offers an in-unit washer and dryer. The design and aesthetics of the courtyard offer the tenants an enjoyable place to relax and mingle. The substantial renovation of the property consisted of both the exterior of the building and totaled a little under $2M. The exterior renovations include - branding signage, a new roof, paint, and fencing. The interiors were appointed with - cabinets, quartz countertops, and stainless steel appliances, and designer fixtures, ceiling fans and more.

More Details