Available For Sale - Multifamily

5,466 SF | Show Pricing $

AVAILABILITY DETAILS

Size
5,466 SF
Price/SF
Show Pricing $
Listing ID
SA446582
Notes
Highlights

» Near market rents

» Well-maintained building

» Ability to convert the garage to an ADU

» On-site laundry

» Five under tucked parking spaces

» Gated Entrances

» Security Camera System

» Walk Score of 78

» One block to Park de la Cruz Recreation Center

» Minutes to North Park and Normal Heights

Description

» 3770 40th St is a well-kept 8-one bed/one bath and 2-two bed/one bath property that was built in 1986. All units have been lightly renovated over the years with new cabinets, countertops. hardwood flooring, and windows. There are five under tucked parking spaces and a garage for tenants, as well as plenty of off-street parking, as there are only residences one side of 40th St. The property also includes on-site laundry, gated entry, and a security camera system.

» This property is poised for significant upside as the rapid gentrification of North Park and Normal Heights continues to spread throughout the 805/15 triangle. Those investors looking to take advantage of new ADU laws can significantly increase the cash flow and value of the property by converting the garage into another unit
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Ryan Ward, SVN