Description
I am pleased to offer for sale an eight-unit apartment community located at 4810 St Elmo Drive. Situated on a 7,000 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. One of the units will be delivered vacant allowing a new owner to immediately renovate and achieve a market rental rate. The property has 87% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 4810 St Elmo Drive an excellent acquisition opportunity.
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12BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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6,418SQFT
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$280$/SQFT
School Ratings & Info
Description
I am pleased to offer for sale an eight-unit apartment community located at 4810 St Elmo Drive. Situated on a 7,000 square foot parcel, the property comprises of four one-bedroom units and four two-bedroom units. One of the units will be delivered vacant allowing a new owner to immediately renovate and achieve a market rental rate. The property has 87% remaining rental upside through unit renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and achieve superior future returns moving forward makes 4810 St Elmo Drive an excellent acquisition opportunity.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-12T00:29:53.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.