Discover the pinnacle of real estate investment in the vibrant City Heights neighborhood of San Diego. Presenting 3845 Chamoune Avenue—a newly listed 22-unit apartment building that epitomizes stability, convenience, and unparalleled returns.

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Property Features:

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Unit Diversity: Boasting twenty meticulously crafted one-bedroom, one-bathroom apartments, alongside a two-bedroom, two- bathroom unit, and a three-bedroom, one-bathroom apartment, this property caters to diverse tenant preferences, ensuring high occupancy rates and steady rental income streams.

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Modern Amenities: Experience the pinnacle of comfort and convenience with ample off-street parking and on-site laundry facilities, elevating the resident experience and fostering long-term tenant satisfaction.

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Recent Upgrades: Benefit from recent capital investments, including newer roofs, fresh exterior paint, upgraded fencing, security systems, energy-efficient windows, and essential infrastructure enhancements such as rerouted water lines and interior unit upgrades—ensuring minimal maintenance costs and maximum tenant satisfaction.

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Stellar Cash Flow: This investment gem promises exceptional cash flow from day one, boasting an impressive yield of approximately 7.4% (day 1!). With stable rental income and minimal expenses, investors can enjoy robust returns without delay.

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Assumable Financing: Take advantage of an assumable Freddie Mac loan, featuring a loan balance of $3,240,000 and an attractive interest-only rate of only 3.03% through 2029, further enhancing the property's affordability and profitability.