4361 Altadena Ave San Diego, CA 92105

Pleased to present a true value-add opportunity in the high demand central San Diego rental market of City Heights. The asset provides the opportunity for an investor to acquire a centrally located asset in a rapidly appreciating location with the ability to increase revenue through the construction of two shovel-ready ADU's as well as unit renovations upon turnover. The existing ownership has approved and paid permits to convert the existing rear 4 car garage structure into (2) additional 466 SF ADU units. Immediate construction of the additional two ADUs may commence. Upon completion of ADU's and renovation of the remaining 5 unrenovated units, the property is forecasted to produce a 5.41% cap rate. This proforma figure includes the cost of ADU construction.