Howard Manor Apartments

2140 Howard Ave | San Diego | CA | 92104


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Confidentiality Agreement

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Property Details

  • Price: $ 5,750,000
  • Price Per Unit: $ 338,235.29
  • Units: 17
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 11,840 SF
  • Lot Size: .26 AC
  • Availability: Sold

Property Description

Introducing a prime investment opportunity in the heart of San Diego, this 11,840 SF, 17-unit multifamily property stands as a testament to timeless appeal. Built in 1963 and zoned RM-3-9, the property offers a solid foundation for lucrative investment potential. Boasting a location within an Opportunity Zone and featuring 16 garages, this property presents an enticing opportunity for adding ADUs and maximizing its potential for multifamily or high-rise development. With a focus on both contemporary comfort and enduring value, this property embodies the essence of urban living, making it an ideal canvas for a multifamily or high-rise investor seeking to capitalize on the vibrant San Diego market.

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Financial Summary

Investment Highlights

Price $5,750,000.00
Price / Unit $338,235.29
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $5,750,000.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00