$1,950,000
$1,999,999
2.5%For more information regarding the value of a property, please contact us for a free consultation.
4586 Hamilton San Diego, CA 92116
7,000 Sqft Lot
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Park
MLS Listing ID 210028165
Sold Date 05/12/22
HOA Y/N No
Year Built 2018
Lot Size 7,000 Sqft
Acres 0.1607
Property Description
Great investment opportunity to complete the construction of the Hamilton Townhomes Project in North Park. Partially built, this 4-unit multi-family project features a modern layout for each unit with 3 bedrooms, 3 bathrooms, a 2-car enclosed garage, 3 outdoor patios, and a rooftop deck with city and mountain views. Approved architectural and landscape plans available upon request. The original developer halted construction a couple years ago, though more than half of the project has already been completed. It’s time for a new developer to add the finishing touches and enjoy upwards of $20k/mo in rental income. Additionally, developer could consider subdividing the project into 4 for-sale condos. Perfect location! Easy walk to the neighborhood centers of North Park, University Heights and Normal Heights. Quick access to I-8 and I-805. Take advantage of this unique, value-add development opportunity. Unit # for Unit 1: Unit 1 Unit # for Unit 2: Unit 2 Unit # for Unit 3: Unit 3 Unit # for Unit 4: Unit 4 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 92116 - Normal Heights
Building/Complex Name Hamilton Townhomes
Interior
Heating Natural Gas, None
Cooling None
Fireplace No
Exterior
Fence None
Pool None
Community Features Gated
Private Pool No
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
Others
Senior Community No
Tax ID 4451623600
Security Features Security Gate,Gated Community
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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Bought with Amy Spear • Pacific Sotheby's Int'l Realty