Tucked away on a hill, in Golden hill is a treasured family asset built in 1979. This 10 unit apartment building has been in the owner’s family since day 1. Its location is a true gem in Golden Hill. The property is centrally located near 30th St, Fern St, Balboa Park, downtown, and Coronado among other bustling destinations. It is just blocks away from Golden Hills’ 25th and Broadway, where there’s restaurants and shops. Golden Hill has been getting the attention of desirable tenants and investors alike, for its central location and its gorgeous streets peppered with eclectic and visually pleasing and historical architecture.
The building’s unit mix is superior to most properties. It has (4) 2 bedroom units, with 3 of the 4 having 2 bathrooms, plus there are (6) 1 bedroom units. With 12 parking spaces—that’s more than one per unit! Plus, with no neighbors to the south, there is plenty of street parking available.
The views from Golden Hill are incredible. Given the neighborhood’s proximity to San Diego bay and downtown, both the water and high rises are visible among many parts of Golden Hill. Centrally located with quick access to all of San Diego, yet still has a small town vibe with unique shops and entertainment.
The upstairs units and walkways have great views of San Diego Bay and the Coronado Bridge. Half the kitchens have been remodeled over the last 2 years. upgrades include quartz countertops and white shaker cabinets. The units are individually metered, which lowers operating costs. The new owner (maybe you or your client) can add value by finishing up the remodeling and getting rents closer to market rate, which won’t be hard to do given the building’s amazing views, unit sizes, layouts, and location.
Given the location and superior unit mix, relatively newer building, ample parking and some remodeling that’s already been done, this property is a place families will love to call home and an investor will be proud to own.