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$ 3,695,000
Est. payment /mo
Price Dropped by $230K
5074 Madison Ave San Diego, CA 92115
16 Beds
12 Baths
7,262 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,262 sqft
Price per Sqft $508
MLS Listing ID 260013949
Bedrooms 16
Full Baths 12
Property Sub-Type Com-Res Income
Property Description
Repriced: In-Place 5.66% Cap • Highest stabilized cap rate on the market in all of Uptown, San Diego (Talmadge, Kensington, North Park, Hillcrest, Etc.) • Lowest price per unit for a stabilized asset in all of Uptown • $307k/unit for 8, two-bedroom units and 4, new construction lofts • Motivated Seller – Bring any/all offers • Tours Available The Madison is a fully renovated/new construction 12-unit multifamily asset in the heart of Talmadge, one of central San Diego's most established character neighborhoods. The property features eight fully renovated 2BR/1BA units in the front building and four 2023 new construction two-story studio loft units at the rear, all delivered with quartz countertops, designer finishes, stainless appliances, in-unit washer/dryers, dual-pane vinyl windows, and individually controlled mini-split HVAC. Operationally efficient with water and sewer billed back to residents (RUBS) and fully upgraded electrical throughout. Major building systems and interior finishes are current, eliminating deferred maintenance and renovation execution risk.
Location
State CA
County San Diego
Community Other/Remarks
Area Metro Uptown
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 466-251-19
Virtual Tour https://www.propertypanorama.com/instaview/snd/260013949
Listed by Erik M Anderson, DRE#01991182 Newmark of Southern California
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