La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING available at 3.89% fixed until December 2026. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Appliances
: Dishwasher, Refrigerator, Range
Address Map
US
CA
SD
Mission Hills
92103
7th Avenue
3939
W118° 50' 30.8''
N32° 44' 57''
Metro Uptown
Additional Info
NorthMarq Multifamily
Additional Information
16
2
https://www.propertypanorama.com/instaview/snd/230002134
Listing Information
655990
990885
ACTIVE
2024-11-07T19:42:50Z
sdmls
: N/K
8,568
$5,295,000
Listing ID #240018814
Basic Details
Property Type : Residential Income Additional
Listing Type : For Sale
Listing ID : 240018814
Price : $5,295,000
Square Footage : 8,568
Status : Active
Property Sub Type : Com-Res Income
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