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2666 Boston Ave

San Diego, CA 92113
  • $3,150,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 220000349
UPDATED: 36 min ago
$3,150,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Cody Evans of South Coast Commercial, Inc. (619-226-6011)


Description

2666-80 Boston Ave are located in the submarket of Barrio Logan. The property consists of 14 one bedroom one bath units in seven different buildings. All units are duplexes with only one shared common walls. Vast majority of the rentals were renovated with new cabinets, quartz counter tops, and upgraded bathrooms in 2018. 4 off street parking spaces, common laundry room, as well as private storage for most units. Complexes are on two parcels totaling 13,999 sq. ft. which allows for multiple exit strategies. Current owner lives out of state and has not been proactive in bringing rents to market. There is a significant rental upside with minimal renovation costs needed. Additional room off alley to build some more units for even more value add potential. These units are in high demand due to their location within Barrio Logan and the very close proximity of the various employers like NASSCO, BAE Systems, General Dynamics, and Naval Bases.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-20T23:26:43.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
www.ivanandmaria.com/homes/124551972
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2666 Boston Ave San Diego, CA 92113

  • Price: $3,150,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 36 min ago
  • ID#: 220000349
0
Beds
0
Baths
0
½ Baths
0.32
Acres
Neighborhood:
92113 - Logan Heights
County:
San Diego
Area:
92113 - Logan Heights
Property Description
2666-80 Boston Ave are located in the submarket of Barrio Logan. The property consists of 14 one bedroom one bath units in seven different buildings. All units are duplexes with only one shared common walls. Vast majority of the rentals were renovated with new cabinets, quartz counter tops, and upgraded bathrooms in 2018. 4 off street parking spaces, common laundry room, as well as private storage for most units. Complexes are on two parcels totaling 13,999 sq. ft. which allows for multiple exit strategies. Current owner lives out of state and has not been proactive in bringing rents to market. There is a significant rental upside with minimal renovation costs needed. Additional room off alley to build some more units for even more value add potential. These units are in high demand due to their location within Barrio Logan and the very close proximity of the various employers like NASSCO, BAE Systems, General Dynamics, and Naval Bases.
Exterior Features

Parking Total 4

Property Features

Association Fee 0 Cap Rate 3.12 Gross Scheduled Income 169344 Listing Agreement Exclusive Right To Sell Net Operating Income 98394 Operating Expense 69478 Property Sub Type Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-20T23:26:43.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Ivan and Maria | Real Estate One. Licensed in the State of California, USA.
 
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Ivan and Maria | Real Estate One
3400 Central Ave Suite 325
Riverside CA, 92506
Listing Agent(s): Cody Evans of South Coast Commercial, Inc. (619-226-6011)