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5337 Meade Ave San Diego, CA 92115
3,863 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,863 sqft
Price per Sqft $453
MLS Listing ID 260027086
Lot Size 9,200 Sqft
Property Sub-Type Com-Res Income
Property Description
5337-5347 Meade Ave: 6-unit multifamily property in San Diego's 92115 submarket. Two buildings totaling approx. 3,863 SF on a 9,200 SF (0.223 AC) lot, built 1955, two stories, frame/stucco construction with composition shingle gable roofs and open on-site parking. Interior courtyard layout with approx. 1,533 SF of land per unit and a two-building configuration offering flexibility for future repositioning. Located in a Qualified Opportunity Zone; zoned CUPD-CT-2-4. Close to Horace Mann Middle School, the University Ave and El Cajon Blvd commercial corridors, bus lines and approx. 1.9 miles to the SDSU Transit Center (Green Line). Offering memorandum estimates approx. $183,870 EGI and $115,536 NOI, an approx. 6.6% cap rate at the list price. Value-add upside through renovation-driven rent growth.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Fireplace No
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Building
Story 2
Others
Senior Community No
Tax ID 472-041-11-00
Listed by Ron Chaquica, DRE#01246523 The Agency
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