4020 Cherokee Avenue

4020 Cherokee Avenue

San Diego, CA 92104

$2,100,000
Price
—
Beds
6,585 Sq. Ft.
$319 / Sq. Ft.
6,585
Sq. Ft.
$319
per Sq. Ft.
an aerial view of a house with a yard
an aerial view of a house
a view of a deck with furniture
a view of storage and utility room
an aerial view of a parking space
a car parked in front of a house
a car parked in front of garage
a front view of a house with a yard
a living room with furniture and a flat screen tv
a kitchen with a table chairs and a refrigerator
a bathroom with a toilet a sink and mirror
a living room with furniture and large window
a living room with furniture a ceiling fan and a wooden floor
a kitchen with a sink a stove and a microwave
a view of a dining room with furniture and a window
a bedroom with a bed and a potted plant
a living room with furniture and a large window
a kitchen with a sink stove and refrigerator
a bathroom with a granite countertop sink a toilet a mirror and shower
a living room with furniture and a flat screen tv
a bedroom with a dresser and a window
a kitchen with a sink a stove and cabinets
a bathroom with a granite countertop sink toilet and shower
a bedroom with a bed and a window
a view of a house with backyard and deck
a view of hallway
a living room with furniture and a table
a dining room with furniture a flat screen tv and a large window
a living room with furniture and a flat screen tv
a bedroom with a bed and a couch
a living room with furniture and a dining table with chair
a kitchen with a stove a sink and a microwave
a kitchen with a refrigerator and cabinets
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
an aerial view of a city with lots of residential buildings
an aerial view of multiple house

Description

Investment Opportunity Awaits. 10-Unit Multifamily Gem in Prime Location 4020 Cherokee Ave presents an unparalleled value-add investment opportunity for those looking to capitalize on the booming real estate market. This multifamily property, featuring a generous 6,585 sqft of living space on a sprawling 7,742 sqft lot, offers the perfect blend of potential and location. Comprising six 1-bedroom, 1-bathroom units and four 2-bedroom, 2-bathroom units, this property caters to a wide range of tenants....Investment Opportunity Awaits. 10-Unit Multifamily Gem in Prime Location 4020 Cherokee Ave presents an unparalleled value-add investment opportunity for those looking to capitalize on the booming real estate market. This multifamily property, featuring a generous 6,585 sqft of living space on a sprawling 7,742 sqft lot, offers the perfect blend of potential and location. Comprising six 1-bedroom, 1-bathroom units and four 2-bedroom, 2-bathroom units, this property caters to a wide range of tenants. With 8 of the 10 units currently occupied, investors will enjoy immediate income generation. The two vacant units present an excellent opportunity for cosmetic enhancements to maximize rental income. Each unit comes with a dedicated parking spot, totaling 10 parking spaces. This highly desirable amenity enhances tenant satisfaction and retention. While structurally sound, this property is a blank canvas awaiting your vision. Cosmetic updates can significantly increase its value and rental appeal, offering an attractive ROI to the savvy investor. Located in the vibrant 92104 ZIP code, tenants have easy access to local amenities, public transportation, and major employment hubs. This multifamily property is a rare find for investors seeking to expand their portfolio with a project that promises both immediate returns and long-term capital appreciation. Whether you're looking to apply cosmetic updates to reposition the asset or hold it as a steady income source, 4020 Cherokee Ave offers a solid foundation for success.
  1. Listed by Sez Sezer • DRE #01988197 • Brokerage DRE #01947727 • Douglas Elliman of California • sez@carmelvalley.com

Property Details for 4020 Cherokee Avenue

Parking Spaces Total
10
Total Units
10.0
Building Area Total
6585
Building Area Units
Square Feet
Stories Total
2
Entry Level
2
Association Fee
$.00
Zoning
Commercial

Location

Listing Courtesy of Douglas Elliman of California, Sez Sezer, DRE #01988197
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LISTING UPDATED: 04/29/2024 08:26 AM

Property Details for 4020 Cherokee Avenue

StatusActive
MLS #NDP2402876
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1968
Lot Size0.18 AC / 7,742 SF
CountySan Diego County

Location

Listing Courtesy of Douglas Elliman of California, Sez Sezer, DRE #01988197
Add your commute

Building Information for 4020 Cherokee Avenue

Stories2Residences-Year Built1968Building Size-Lot Size0.18 AC / 7,742 SF

Payment Calculator

$12,172 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$711

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4020 Cherokee Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Cap Rate: 0.0
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Real Estate Tax Expense: $0
  • Total Expenses: $0
Community / Development
Community / Development
  • Investment Property: No
Property / Structure Info
Interior Features
Exterior Features
  • Fence: No
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
Parking Info
  • Uncovered Spaces: 10
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,797
  • Unit Type Total Rent: $1,797
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 8
  • Number Of Buildings: 1

Property History for 4020 Cherokee Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4020 Cherokee Avenue

Taxable ValueLand$283,979Additions$407,515Total$691,494
Tax Record2023$8,532 ($711 / month)
Home Facts
Total Finished SqFt6,585 SqFtAbove Grade Finished SqFt6,585 SqFtLot Size7,742 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningCOMMERCIALCountySAN DIEGOAPN447-411-19-00

Schools near 4020 Cherokee Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Edison Elementary School
Public - K to 5
Wilson Middle School
Public - 6 to 8
Hoover High School
Public - 9 to 12
Health Sciences Middle
Charter - 6 to 8
Rating
School
Distance
Edison Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

Health Sciences Middle
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4020 Cherokee Avenue, San Diego, CA 92104

4020 Cherokee Avenue is a multi-family home for sale in San Diego, CA 92104. This property was listed for sale on April 6, 2024 by Douglas Elliman of California, it's currently listed at $2,100,000. It has been on the market for a total of 27 days and was last sold on October 22, 2001. This listing's school district is San Diego Unified School District. Nearby schools include Edison Elementary School, Wilson Middle School and Hoover High School. 4020 Cherokee Avenue is a 0-bed, 0-bath, 6,585 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman of California, Sez Sezer, DRE #01988197

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