We are pleased to present The Vero located at 4119-23 Kansas Street in San Diego, California. Originally constructed in 1960, the 6-unit apartment complex is located in the highly desirable neighborhood of North Park and boasts a Walk Score of 98. The building rests on a 5,242 square foot lot… Read More and has approximately 4,750 in rentable square feet. The unit mix consists of: (1) three bedroom / two bathroom unit, (4) two bedroom / one bathroom units, and (1) studio unit. Attractive tenant offerings include: secure gated entry, in-unit laundry for (1) unit, on-site laundry, (3) garages, and (4) off-street tandem parking spaces. Having been recently renovated in 2020 with new custom cabinetry, countertops, stainless steel appliances, and more, the property is in prime turn-key condition. There are also approved plans and permits for (3) studio ADUs for an investor looking to further increase overall cash flow; they are construction-ready with the garages having been demolished. Situated only one block from 30th Street and two blocks from El Cajon Boulevard and University Avenue, the property is within walking distance to all the best North Park has to offer; the property also enjoys proximity to the 805 freeway. The Vero ultimately presents investors the unique opportunity to acquire a turn-key apartment building with significant rental upside in one of San Diego's most desirable neighborhoods. Read Less
Listing Snapshot
Days Online
58
Last Updated
Property Type
Mixed Use
MLS Number
250025336SD
30 Days Snapshot Of 92104
$1.12M
+31%
(avg) sold price
12
-42%
homes sold
61
+38%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1 building, Construction materials: Frame, Stucco
Expenses
Operating expense: $67,048
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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