Park Place Apartments | 7 Unit Multifamily Investment Opportunity

Description:

Commercial Asset Advisors is pleased to present this opportunity to acquire a 7-unit apartment complex located in the Kensington neighborhood of San Diego. The property was newly remodeled and features an ideal unit mix of one (1) twobedroom/two-bath, two (2) two-bedroom/one-bath, four (4) one-bedroom/one-bath units totaling approximately 4,735 square feet.

New ownership has the opportunity to acquire an asset boasting incredible rents with room to increase post acquisition. An investor has the opportunity to add an ADU in the garage to increase gross rents over 15%.

The Park Place apartments are steps away from Kensington Park and one block from Adams Avenue. From fine dining, coffee shops, to amazing schools, Kensington has something for everyone. With most properties in this area being single family homes, this asset offers the investor a unique opportunity to corner the market.

This is an absolute must see asset with many improvements made to the interior and exterior of the property. The Park Place apartments have a central location that is walking distance to Kensington Village, Starbucks, Ponce’s, and many other restaurants.

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