Sold
5115-5117 Naranja Street
Encanto CA, 92114
$1,750,000
$304.24 per sqft
Sold
6 Beds
5,752 sqft
Commercial
The Naranja Street Homes is an 8 unit apartment community located in the Valencia Park submarket of San Diego. Situated over two buildings on two separate parcels totaling 19,773 square feet the property consists of two 3 Bed/2 Bath units, four 2 Bed/1 Bath units, and two 1 Bed/1 Bath units. The subject property has eighteen on site parking spots and an on site laundry facilities with owned machines. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. The property is located approximately 5 miles from Downtown San Diego and is a few blocks away from the 805 and 94 freeways providing residents easy access to employments centers, shopping, dining, and entertainment. Additionally, the subject property is across the street from the newer Market Creek Plaza giving residents easy access to grocery, dining, and shopping options. The Naranja Street Homes is a fantastic opportunity for an investor looking for a value add opportunity with solid rent growth moving forward.
210027259
MLSⓇ ID
September 24, 2021
Listed
February 10, 2024
Updated
Map
5115-5117 Naranja Street
Encanto CA, 92114
Interior Features
Total Stories
2
Bedrooms
6 Beds
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Other Property Details
Area Name
Metro Central
Taxes
$21,606
Tax Frequency
Annually
Days on Market
24
Garage
No
Parking Total
18
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
1%
Listed by Acre Investment Real Estate, Dylan E Wright,
Listing Contact: 619-255-3233
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Data last updated 1:46 AM UTC, 2/10/2024
