1002-04 Hanover Street

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1002-04 Hanover Street

San Diego, CA 92114
Asking Price
$905K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in San Diego, California
  • Asset consists of two total residential rental units
  • Offered for sale at a price of 905000 dollars
  • Situated within a major southern California metropolitan market
  • Well-suited for residential investment or property portfolio growth

What's Special

This multifamily apartment building provides two units within the 92114 ZIP code of San Diego, California. The property is positioned in a significant metropolitan market known for its diverse economy and consistent demand for residential rental housing. Investors and buyers may consider this asset for long-term hold strategies or portfolio expansion in a region characterized by steady population growth. The compact nature of this two-unit building offers a manageable entry point for those focused on the local residential market. San Diego continues to be a central hub for defense, tourism, and innovation industries, which supports the broader rental landscape across the metro area. Potential uses include maintaining current leasing arrangements or exploring renovation opportunities to align with neighborhood market trends.

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NOI
$80,000
Cap Rate
8.84%
DSCR
1.49
Strong
Cash-on-Cash
9.68%
Monthly Payment
$4,477.446
Annual Cash Flow
$26,270.645

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