3071 Hawthorn

North Park, CA, 92104

$1,695,000

$744 per ft²
$1,695,000
$744 per ft²
Pending
Pending
 - For Sale
beds
4 Beds
carpenters-square
2,276 ft²
property_type
Other
Premier Cottage Style property in an irreplaceable San Diego location near Fern and 30th St surrounded by boutique coffee roasters, breweries, classic restaurants, and walking distance to the famous Balboa Park! Ownership can deliver the entire rear building empty at closing consisting of the primary 2 bedroom unit, the downstairs 1 bed unit, and a huge yard! Allowing an ideal owner-occupy scenario or allowing an investor to immediately renovate those units and capture the current historical high market rents. 3071 Hawthorn can provide a significantly stronger than average market return at an incredible 4.26% cap rate on as-is unit conditions or 4.81% if the empty rear building is renovated, and 5.95% proforma cap rate after all units are renovated. All units possess mid to large size large private yards with no more than one shared wall and under market rents. Attractive financing quote in hand for a 30% downpayment at a 4.825% interest only rate for 5 years fixed! Or 25% downpayment at a 4.75% rate 5 year fixed with a 30 year amortizing schedule.
MLS® ID:
220020051
Listed:
8/1/22
Updated:
9/28/22

Interior Features

Total Bedrooms
4
Total Bathrooms
0

Other Property Details

Area Name
Metro Uptown
Garage
No
Parking
N
View
N
County
San Diego
Pool
No

Property History

Date
Event
Price
Value
8/11/22
Pending
-
-

 

Courtesy of Allen Chitayat, CBRE 

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Data last updated 10:56 PM UTC, 9/28/22

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