The Oregon Street Cottages-a 7 unit community located North of Adams Avenue in North Park. The property is comprised of six 1-Bed/1-Bath cottages and a 3-Bed/2-Bath unit situated over 5 garages. The property is located in a quiet pocket of North Park and is walking distance from shopping, dining, and entertainment. Additionally, the subject property is just minutes from Downtown San Diego, Mission Valley, The Beach, and Balboa Park. With a walk score of 86 out of 100 tenants can enjoy many conveniences without ever getting into a car. The subject property has approximately 4,125 square feet of living area situated on a spacious 8,399 square foot parcel. Residents enjoy a quiet and peaceful courtyard area with lush landscaping and an on site laundry facility. The Oregon Street Cottages offer an investor the opportunity to raise rents to market levels without much updating. With continued gentrification in the area one should expect solid rent growth moving forward for many years to come.
|--||New Value: $2,490,000|
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