REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,695,000
Est. payment | /mo
0.25 Acres Lot
$ 3,695,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260013949SD
HOA Y/N No
Lot Size 10,890 Sqft
Property Sub-Type Mixed Use
Property Description
Repriced: In-Place 5.66% Cap • Highest stabilized cap rate on the market in all of Uptown, San Diego (Talmadge, Kensington, North Park, Hillcrest, Etc.) • Lowest price per unit for a stabilized asset in all of Uptown • $307k/unit for 8, two-bedroom units and 4, new construction lofts • Motivated Seller – Bring any/all offers • Tours Available The Madison is a fully renovated/new construction 12-unit multifamily asset in the heart of Talmadge, one of central San Diego's most established character neighborhoods. The property features eight fully renovated 2BR/1BA units in the front building and four 2023 new construction two-story studio loft units at the rear, all delivered with quartz countertops, designer finishes, stainless appliances, in-unit washer/dryers, dual-pane vinyl windows, and individually controlled mini-split HVAC. Operationally efficient with water and sewer billed back to residents (RUBS) and fully upgraded electrical throughout. Major building systems and interior finishes are current, eliminating deferred maintenance and renovation execution risk.
Location
State CA
County San Diego
Area 92115 - San Diego
Interior
Fireplace No
Others
Tax ID 46625119
Virtual Tour https://www.propertypanorama.com/instaview/snd/260013949
Listed by Erik Anderson Newmark of Southern California #01991182
Nearby Locations
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