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Address Not Available By Request

San Diego, CA 92113
  • $1,000,000
  • STATUS: Active
  • ON SITE: 85 Days
  • ID#: PTP2201381
UPDATED: 81 min ago
$1,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1898
County:

School Ratings & Info

Listing Agent(s): Max Delbecq of Top Gun Cre (619-550-4515) and Kenneth Herskind of ()


Description

The subject property is a 5 unit value-add apartment with irreplaceable craftsman charm and character, consisting of three 2 bed + 1bath and two 1 bed + 1bath units. The front house was built in 1898 per assessor records and divided into units later. The upper 1bed + 1 bath has a loft feel with a private balcony and storage area. There is a total of 2,661 rentable SF on a 5,163 SF lot. The common-area features a paved courtyard with laundry, storage and an additional exterior bathroom. The two rear, 2-bedroom units offer alley access and off-street parking for 2 cars. Some recent improvements in some of the units include newer kitchen cabinets, countertops and flooring. The property is a significant "fixer. It needs work to bring units and property to market levels. There is a significant upside in rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T14:30:07.963. 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/126302105
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Address Not Available By Request San Diego, CA 92113

  • Price: $1,000,000
  • Status: Active
  • On Site: 85 Days
  • Updated: 81 min ago
  • ID#: PTP2201381
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1898
Built
Neighborhood:
92113 - Logan Heights
County:
San Diego
Area:
92113 - Logan Heights
Property Description
The subject property is a 5 unit value-add apartment with irreplaceable craftsman charm and character, consisting of three 2 bed + 1bath and two 1 bed + 1bath units. The front house was built in 1898 per assessor records and divided into units later. The upper 1bed + 1 bath has a loft feel with a private balcony and storage area. There is a total of 2,661 rentable SF on a 5,163 SF lot. The common-area features a paved courtyard with laundry, storage and an additional exterior bathroom. The two rear, 2-bedroom units offer alley access and off-street parking for 2 cars. Some recent improvements in some of the units include newer kitchen cabinets, countertops and flooring. The property is a significant "fixer. It needs work to bring units and property to market levels. There is a significant upside in rents.
Exterior Features

Lot Features LevelNear Public TransitRectangular LotYard Parking Total 12363

Interior Features

Cooling YN No Heating YN No

Property Features

Association Fee 0 Cap Rate 5.07 Gross Scheduled Income 72300 Insurance Expense 1281 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 43616 Operating Expense 26515 Property Sub Type Multi Family Special Listing Conditions Standard Trash Expense 0 Water Source Public Zoning Blpd-Subd-A



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T14:30:07.963. 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): Max Delbecq of Top Gun Cre (619-550-4515) and Kenneth Herskind of ()