LINCOLN COTTAGES
LINCOLN COTTAGES
3312-22 LINCOLN AVE, SAN DIEGO, CA 92104
Whitewater Commercial Real Estate presents the opportunity to acquire 3312–3322 Lincoln Avenue, a fully renovated five-unit multifamily property located in the highly desirable North Park neighborhood of San Diego.
Built in 1960 and fully renovated in 2020, the property features five cottage-style residences totaling approximately 2,050 rentable square feet on a 4,709-square-foot lot, with a unit mix of four (4) one-bedroom/one-bathroom units and one (1) studio.
The property has been extensively improved inside and out with modern kitchens and bathrooms, vinyl plank flooring, recessed lighting, dual-pane windows, mini-split A/C, and select in-unit laundry. The cottage-style layout, private outdoor areas, and turnkey condition provide a unique residential setting with limited near-term capital requirements.
Located in the heart of North Park, the property offers convenient access to the neighborhood’s dining, retail, entertainment, recreation, and major employment centers throughout central San Diego.
PROPERTY DETAILS
Purchase Price - $2,050,000
2,050
5
SQ. FT.
UNITS
1960/2020
4,709
YEAR BUILT/RENOVATED
LOT SIZE
North Park
Turnkey
LOCATION
ASSET TYPE
PROPERTY HIGHLIGHTS
01 / Five Units Fully Renovated
Fully renovated in 2020 — turnkey, low-maintenance asset consisting of five cottage style units: (4) 1BD/1BA, (1) Studio.
02 / North Park Location
Located in North Park, just off University Ave, the neighborhood’s retail corridor with popular cafes, restaurants, bars and breweries within steps.
03 / Stabilized Investment
Upgrades include new electrical upgrade, plumbing, in-unit laundry, quartz countertops, stainless appliances, AC Units, private and shared yards.
Listing Team
Whitewater Commercial Real Estate
350 Tenth Ave #710, San Diego, CA 92101
License #: CA 012255012