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Key Details
Sold Price $5,065,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230005354
Sold Date 04/08/24
Lot Size 0.418 Acres
Acres 0.42
Property Description
The Meridian @ 4902-12 67th Street is an 18 unit apartment complex that consists of 15,400 rentable SF situated on a 17,947 SF lot with 19 parking spaces. The unit mix consists of (1) 4 Bedroom / 2 Bath house built in the 1960s, (12) 2 Bedroom / 1 Bath units, and (5) 1 Bedroom / 1 Bath units built in different stages of the 1960s and renovated in 2017 & 2020 as well as onsite laundry facilities with 3 washers and 2 dryers that are owned. There is a grass backyard with a shaded lounge area at the rear of the property. Previous ownership made significant exterior and system upgrades. The majority of sewer lines and all water supply lines have been replaced. The property has new windows, and the units have faux wood flooring as well as new kitchens and bathrooms featuring stainless steel kitchen appliances, granite countertops, and new cabinets, hardware and ceiling fans. The property has spacious floorplans and the units have A/C. The Meridian sits in the burgeoning Rolando Village Neighborhood near the College East District. All tenants are month to month. It could be suitable for SDSU students with added security parking gates and more futures for students. PLEASE DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS. PROPERTY IS SHOWN WITH AN ACCEPTED OFFER ONLY.
Location
State CA
County San Diego
Area San Diego (92115)
Zoning COMMERCIAL
Building
Story 2
Others
Financing Cash
Special Listing Condition Other/Remarks
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscal.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Maxwell Brown • Commercial Asset Advisors