4325 Clairemont Dr San Diego, CA 92117

Property Details for 4325 Clairemont Dr

Year built

2023

Property size

3,800 SF

Property type

Commercial real estate

APN

418-023-07-00

Description

This exceptional investment opportunity presents a meticulously maintained, four-unit apartment building located at 4325 Clairemont Dr, San Diego, CA 92117. The property boasts a desirable location bordering Northwest Clairemont and Bay Ho, offering convenient access to major employment centers, including Downtown San Diego and University City (UTC), as well as renowned educational institutions such as the University of San Diego (USD), University of California San Diego (UCSD), and San Diego Mesa College. The property consists of three buildings, spanning two stories, and sits on an 11,701 square foot lot. The total square footage is 3,800 net rentable square feet. Built in 1952 and extensively renovated in 2023, the property features two newly constructed, modern three-bedroom, two-bathroom units with stunning Tecolote Canyon views, and two updated, single-level two-bedroom, one-bathroom units. Each unit includes private yards, in-unit washers and dryers, and access to community space. Additional amenities include a two-car driveway and two garages, offering potential for extra income or storage. The property is zoned for multi-family use and offers a strong net operating income (NOI) of $134,000, resulting in a 5.06% capitalization rate. The asking price is $2,650,000, representing a price per unit of $662,500. This stabilized investment property offers a compelling blend of modern living, prime location, and significant income potential, making it an ideal addition to any portfolio. The property is offered fee simple. APN: 418-023-07-00.