Property Detail

Description

The property is currently generating strong in-place income with additional upside available through continued rental growth. Additional amenities include communal laundry facilities and three garages, providing valuable off-street parking and storage in a location where parking is at a premium. The property also features an area at the front that may offer an opportunity to create additional off-street parking through a relatively straightforward curb-cut improvement, subject to applicable approvals. Residents enjoy convenient access to North Park’s vibrant collection of restaurants, coffee shops, breweries, entertainment, shopping and neighborhood amenities, while the property’s central location provides easy connectivity throughout San Diego. With a desirable North Park location, attractive five-unit configuration, strong existing income and multiple avenues for enhancing future returns, 4550-4554 Utah Street represents an excellent entry-level investment opportunity for an investor seeking quality multifamily real estate in one of San Diego’s highest-demand rental markets.