4020 Cherokee Avenue
4020 Cherokee Avenue
$2,100,000
—
6,585
6,585
$319
Pending
Description
Investment Opportunity Awaits. 10-Unit Multifamily Gem in Prime Location 4020 Cherokee Ave presents an unparalleled value-add investment opportunity for those looking to capitalize on the booming real estate market. This multifamily property, featuring a generous 6,585 sqft of living space on a sprawling 7,742 sqft lot, offers the perfect blend of potential and location. Comprising six 1-bedroom, 1-bathroom units and four 2-bedroom, 2-bathroom units, this property caters to a wide range of tenants....Investment Opportunity Awaits. 10-Unit Multifamily Gem in Prime Location 4020 Cherokee Ave presents an unparalleled value-add investment opportunity for those looking to capitalize on the booming real estate market. This multifamily property, featuring a generous 6,585 sqft of living space on a sprawling 7,742 sqft lot, offers the perfect blend of potential and location. Comprising six 1-bedroom, 1-bathroom units and four 2-bedroom, 2-bathroom units, this property caters to a wide range of tenants. With 8 of the 10 units currently occupied, investors will enjoy immediate income generation. The two vacant units present an excellent opportunity for cosmetic enhancements to maximize rental income. Each unit comes with a dedicated parking spot, totaling 10 parking spaces. This highly desirable amenity enhances tenant satisfaction and retention. While structurally sound, this property is a blank canvas awaiting your vision. Cosmetic updates can significantly increase its value and rental appeal, offering an attractive ROI to the savvy investor. Located in the vibrant 92104 ZIP code, tenants have easy access to local amenities, public transportation, and major employment hubs. This multifamily property is a rare find for investors seeking to expand their portfolio with a project that promises both immediate returns and long-term capital appreciation. Whether you're looking to apply cosmetic updates to reposition the asset or hold it as a steady income source, 4020 Cherokee Ave offers a solid foundation for success.
- Listed by Sez Sezer • DRE #01988197 • Brokerage DRE #01947727 • Douglas Elliman of California • sez@carmelvalley.com
Property Details for 4020 Cherokee Avenue
Parking Spaces Total
10
Total Units10.0
Building Area Total6585
Building Area UnitsSquare Feet
Stories Total2
Entry Level2
Association Fee$.00
ZoningCommercial
Location
LISTING UPDATED: 05/15/2024 02:21 PM
Property Details for 4020 Cherokee Avenue
Status | Pending |
---|---|
MLS # | NDP2402876 |
Days on Market | 37 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 1968 |
Lot Size | 0.18 AC / 7,742 SF |
County | San Diego County |
Location
Building Information for 4020 Cherokee Avenue
Stories2Residences-Year Built1968Building Size-Lot Size0.18 AC / 7,742 SF
Payment Calculator
$12,172 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4020 Cherokee Avenue
Property History for 4020 Cherokee Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4020 Cherokee Avenue
Taxable ValueLand$283,979Additions$407,515Total$691,494
Tax Record2023$8,532 ($711 / month)
Home Facts
Total Finished SqFt6,585 SqFtAbove Grade Finished SqFt6,585 SqFtLot Size7,742 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningCOMMERCIALCountySAN DIEGOAPN447-411-19-00
Schools near 4020 Cherokee Avenue
This home is within San Diego Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Edison Elementary School PublicK to 5 | ||
Wilson Middle School Public6 to 8 | ||
Hoover High School Public9 to 12 | ||
Health Sciences Middle Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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