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Home / Development / 4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104

Multifamily Remodel Flip

$1,825,000
Sale Price
07/2015
Closed
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
4127 35th Street, San Diego, CA 92104
The Project

What happened here.

A small apartment building bought as a value-add flip, with Prem representing the buyer on the November 2013 acquisition.

We brought in an architect, redesigned and remodeled the building inside and out, and re-tenanted the units — doubling the rents. Prem then represented the seller on the July 2015 sale at $1,825,000: roughly double the purchase price in less than two years.

4127 35th Street, San Diego, CA 92104 — Before — as acquired, November 2013
Before — as acquired, November 2013
4127 35th Street, San Diego, CA 92104 — After — at sale, July 2015
After — at sale, July 2015
Transaction History

Every closing on this address.

$970,000
Acquisition
Closed 11/2013
Buyer representation
$1,825,000
Sale
Closed 07/2015
Listing side — project sale (closed July 21, 2015)