$ 2,100,000
3681 Fairmount Avenue San Diego, CA 92105
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$ 2,100,000
Est. payment | /mo
$ 2,100,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240015683SD
HOA Y/N No
Property Description
The Madison Apartments located at 3681 Fairmount Avenue consist of ten spacious 1 Bedroom / 1 Bathroom units built in 1985. The property is gated and features common laundry facilities. The two-story stucco structure contains 5,248 square feet and lies on a 5,985 square foot lot with parking in the rear. There are additional parking spaces available in a parking structure in Fairmount Village. There is over 70% upside in the existing rents. Re-development is also an option with CUPD-CU-3-6 zoning in the Complete Communities Housing Solutions Tier 3 Zone Overlay with 6.5 FAR Parking Standard Transit Priority Overlay. The property is nearly across the street from the City Heights Recreation Center, Library and Park. The Police Station is a few hundred feet away as well as the shopping and retail of Fairmount Village including Starbucks, Jamba Juice and El Super.
Location
State CA
County San Diego
Area 92105 - East San Diego
Interior
Fireplace No
Exterior
Total Parking Spaces 12
Others
Tax ID 4717410300
Listed by Benn Vogelsang • NorthMarq Multifamily
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Justin & Jessica Bouzane
Broker Associate | Lic# 01905244