4158-4164 32nd Street – North Park

Best North Park Opportunity! More than 100 times a year investor tell me they want to buy units. North Park is the ZIP Code mentioned by more investors than any other. Forbes ranked North Park in the nation’s top 15 hipster neighborhoods. It’s walkable: convenient to millennial lifestyle, freeways, downtown, other job centers, Balboa Park, beaches and most of the good things of San Diego County. 4158 through 4164 32nd has several special advantages. First, it’s the lowest price per unit of all available North Park properties. In addition to 5 on-site parking spaces for tenants, which is rare in North Park. There are no buildings across the street, which means the 32nd residents have access to more public parking. Even better the owner of 32nd does not have any cost associated with that bonus parking. Most the apartments in San Diego have the original kitchens and bathrooms. However, 32nd St. has been substantially renovated with dual pane windows, attractive landscaping privacy fencing and upgraded, modern clean and bright interiors. The marketing package reveals that other nearby assets are already collecting superior rents. A bit more polish will generate extra revenue for this unique opportunity. The asset is unencumbered which will enable a buyer to move as quickly as they and their lender want to close escrow. 4158 through 4164 32nd St. has 10 units: seven One bedrooms and three two bedrooms. That ratio is typical for apartments in the ZIP Code. Most millennials love freedom, flexibility and convenience which one bedrooms offer. The asset will sell. Most other North Park assets are seeking from 10 to 20% more per unit than 32nd St. This asset is a unique opportunity for a new buyer to maximize market rents with very minor upgrades. The residents don’t know the properties for sale. Please respect their privacy. This drone video shows interior units. Full inspection access will be granted after acceptance of purchase contract. The Terry Moore team is focused on your success. When you’re ready to boost your results, remember we’re focused on your success!