4109 Park Place

4109 Park Place

San Diego, CA 92116

$3,540,000
Last Sold Price
10
Beds
7
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Sold 1/13/23

Sold 1/13/23

a view of a car parked in front of a house
a car parked in front of a house
a view of outdoor space with deck and furniture
a kitchen with cabinets and appliances
a kitchen with a sink and cabinets
a living room with furniture flowerpot and window
a bedroom with a bed and window
a view of a painting on the wall
a living room with a couch and coffee table
a living room with furniture and painting on the wall
a view of a dining room with furniture and wooden floor
a view of a dining room with furniture
a view of tree in a room
a table with a vase and flowers on it
a bathroom with a sink and a mirror
a living room with furniture and wooden floor
a bedroom with a bed and a window
a bedroom with a bed and window
a bathroom with a sink and a window
a view of a livingroom with furniture
a room with furniture
a view of a small space
a living room with furniture and wooden floor
a living room with furniture and wooden floor
a living room with furniture and a couch
a bed sitting in a bedroom next to a potted plant and a lamp
a living room with furniture a flat screen tv and a window
a view of a dining room with furniture and wooden floor
a view of a dining room with furniture and wooden floor
a bedroom with a bed and a dresser
a bedroom with a bed and a window
a bedroom with a bed and window
a bedroom with a bed and a large window
a bathroom with a toilet and a bathtub
a bathroom with a sink a toilet and shower
a bathroom with a sink vanity and mirror
a view of a patio with couches table and chairs
a car parked in front of a house

Description

We are pleased to present this opportunity to acquire a 7-unit apartment complex located in the Kensington neighborhood of San Diego. The property was newly remodeled and features an ideal unit mix of one (1) two- bedroom/two-bath, two (2) two-bedroom/ one-bath, four (4) one-bedroom/one-bath units totaling approximately 4,735 square feet. New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. An investor has the opportunity to add an...We are pleased to present this opportunity to acquire a 7-unit apartment complex located in the Kensington neighborhood of San Diego. The property was newly remodeled and features an ideal unit mix of one (1) two- bedroom/two-bath, two (2) two-bedroom/ one-bath, four (4) one-bedroom/one-bath units totaling approximately 4,735 square feet. New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. An investor has the opportunity to add an ADU in the garage to increase gross rents over 15%. The Park Place apartments are adjacent to Kensington Park and one block from Adams Avenue. From fine dining, coffee shops, to amazing schools, Kensington has something for everyone. With most properties in this area being single family homes, this asset offers the investor a unique opportunity to corner the market. This is an absolute must see asset with many improvements made to the interior and exterior of the property. The Park Place apartments have a central location that is near Kensington Village, Starbucks, Ponce’s, and many other restaurants.
  1. Listed by Jonathan P Minerick • DRE #01523060 • HomeCoin.com

Property Details for 4109 Park Place

City Postal ID
NORMAL HEIGHTS (92116)

Location

Listing Courtesy of HomeCoin.com, Jonathan P Minerick, DRE #01523060

Sold By CBRE, Philip J Buckley, DRE #01209801

Add your commute
LISTING UPDATED: 01/20/2023 02:12 PM

Property Details for 4109 Park Place

StatusSold
MLS #220027944
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size0.14 AC / 6,098 SF
CountySan Diego County

Location

Listing Courtesy of HomeCoin.com, Jonathan P Minerick, DRE #01523060

Sold By CBRE, Philip J Buckley, DRE #01209801

Add your commute

Building Information for 4109 Park Place

Stories-Residences-Year Built-Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$22,130 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,319

Property Taxes

$2,811

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4109 Park Place

Summary Information
Property and Location
  • System ID: 220027944
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 4109
  • Street Name: Park Pl
  • Map Coordinates: 1269G3
  • Market Area: Metro Uptown
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 7
Exterior Features
  • Exterior: Fully Landscaped
Property Information
Property and Assessments
  • Entry Only: Yes
  • Zoning: R-4:MULTIP
  • Assessors Parcel Num: 440-662-04-00
Multi Family Information
Unit 1
  • Unit Furnished: 0
  • Unit Rent: 2995
  • Unit Rent Total: $3,150
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Number of Bathrooms: 1
Unit 2
  • Unit Furnished: 0
  • Unit Rent: 2395
  • Unit Rent Total: $2,395
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Number of Bathrooms: 1
Unit 3
  • Unit Furnished: 0
  • Unit Rent: 2350
  • Unit Rent Total: $2,350
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Number of Bathrooms: 1
Unit 4
  • Unit Furnished: 0
  • Unit Rent: 2995
  • Unit Rent Total: $2,995
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Number of Bathrooms: 1
Unit 5
  • Unit Furnished: 0
  • Unit Rent: 2495
  • Unit Rent Total: $2,495
  • Unit 5 Number of Bedrooms: 1
  • Unit 5 Number of Bathrooms: 1
Unit 6
  • Unit Furnished: 0
  • Unit Rent: 2450
  • Unit Rent Total: $2,495
  • Unit 6 Number of Bedrooms: 1
  • Unit 6 Number of Bathrooms: 1
Unit 7
  • Unit Furnished: 0
  • Unit Rent: 3195
  • Unit Rent Total: $3,195
  • Unit 7 Number of Bedrooms: 2
  • Unit 7 Number of Bathrooms: 1
Building Details
  • Age: 1969
  • Amenities: BBQ
  • Have: na
  • Motive/Want: na
  • SqFt of Improvement: 4,735
  • Tenant Pays Electric: Y
  • Tenant Pays Gas: Y

Property History for 4109 Park Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4109 Park Place

Taxable ValueLand$2,142,000Additions$606,900Total$2,748,900
Tax Record2023$33,726 ($2,811 / month)
Home Facts
Total Finished SqFt4,735 SqFtAbove Grade Finished SqFt4,735 SqFtLot Size5,971 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningR-4:MULTIPLECountySAN DIEGOAPN440-662-04-00

Schools near 4109 Park Place

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Franklin Elementary School
Public - K to 5
Lewis Middle School
Public - 6 to 8
Wilson Middle School
Public - 6 to 8
Patrick Henry High School
Public - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Lewis Middle School
Public6 to 8

Wilson Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

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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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 HomeCoin.com, Jonathan P Minerick, DRE #01523060

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