Listing ID220014044
Sold For$1,449,000
StatusSOLD
SqFt
6,959
Acres
0.160
CountySan Diego
Year Built1959
Property Type2-4 Units
Great investment opportunity at a competitive price per unit for a 4-plex in San Diego area. Almost all units have been remodeled and upgraded. This property sits on 6,959 sq ft. lot with private wood/iron fences and private yard and patios. This property features 3 separates buildings. Front unit 2859 features 3 Bedrooms -1.5 Baths and was completely remodeled in 2019 with new Vinyl floors, custom kitchen, SS appliances and a private yard. Unit 2857 and 2855 features 1 Bedroom-1 Bath, partly upgraded and good condition, a new water heater and a heater was installed in unit 2857. Back unit 2853, features 2 Bedrooms- 1 Bath, completely remodeled including new vinyl floors, new postings, new kitchen cabinets with new SS appliances, quartz countertops, barn door, lighting, washer/dryer hook up and a brand water heater.All units offer private yards or patios, great feature for rent value. Back units have one parking assigned each inside the property. Property has been well maintained by current owner. All 3 buildings have brand new roof. Property offers all four separate electrical panels. Current rents are lower than market rate. **** Projected Rent:$105,600!!!**** CAP Rate 6%***
County
San Diego
City
San Diego
Price Before Reduction
1750000
Price Reduction Date
2022-07-05T23:52:34+00:00
Property Type
2-4 Units
Year Built
1959
Zoning
R-4
Cooling
N/K
Heat Source
Natural Gas
Levels
1 Story
Total Stories
1
Unit 1 Estimated SqFt
900
Unit 1 Laundry Hook Ups
No
Unit 1 Number of Bedrooms
3
Unit 1 Number of Full Baths
1
Unit 1 Number of Half Baths
1
Unit 1 Number Total Baths
2
Unit 2 Estimated SqFt
400
Unit 2 Laundry Hook Ups
No
Unit 2 Number of Bedrooms
1
Unit 2 Number of Full Baths
1
Unit 2 Number Total Baths
1
Unit 3 Estimated SqFt
400
Unit 3 Laundry Hook Ups
No
Unit 3 Number Bedrooms
1
Unit 3 Number of Full Baths
1
Unit 3 Number Total Baths
1
Unit 4 Estimated SqFt
800
Unit 4 Laundry Hook Ups
Yes
Unit 4 Number of Bedrooms
2
Unit 4 Number of Full Baths
1
Unit 4 Number Total Baths
1
Unit Number for Unit 1
2859
Unit Number for Unit 2
2857
Unit Number for Unit 3
2855
Unit Number for Unit 4
2853
Complex Features
N/K
Entry Only
no
Exterior
Stucco
Fencing
Gate
Irrigation
N/K
Lot Size
4,000-7,499 SF
Neighborhood
Grant Hill
Number of Buildings
3
Number of Units
4
Number of Units w/Garage
2
Number of Units w/Patios
4
Number of Units w/Range/Oven
4
Number of Units w/Refrigerator
4
Parking for RV
None Known
Parking Garage Unit 1
N/K
Parking Garage Unit 2
N/K
Parking Garage Unit 3
Assigned
Parking Garage Unit 4
Assigned
Parking Non-Garage Unit 1
None Known
Parking Non-Garage Unit 2
None Known
Parking Non-Garage Unit 3
Uncovered
Parking Non-Garage Unit 4
Uncovered
Pool
N/K
Roof
Composition
Sewer/Septic
Sewer Available
Spa
N/K
Unit 3 Parking Garage Space
1
Unit 4 Parking Garage Space
1
Water
Meter on Property, N/K
Water Heater Type
Gas
Community
EAST SAN DIEGO
Complex/Park
Grant Hill
Country
United States
Market Area
Metro Central
Topography
Level
View
N/K
Zip/Area
SAN DIEGO (92102)
Miscellaneous
N/K
Pets
Allowed w/Restrictions
Property Type
2-4 UNITS
Supplement
All units offer private yards or patios, great feature for rent value. Back units have one parking assigned each inside the property. Property has been well maintained by current owner. All 3 buildings have brand new roof. Property offers all four separate electrical panels. Current rents are lower than market rate. **** Projected Rent:$105,600!!!**** CAP Rate 6%***
Age Restrictions
N/K
Annual Expense Actual
10000
Annual Expense Projected
10000
Cap Rate Actual
3.9
Cap Rate Projected
6.07
Financing
Conventional
Gross Rent Multiplier Act
20
Gross Rent Multiplier Projected
14.9
Gross Scheduled Income Actual
77880
Gross Scheduled Income Projected
105600
Home Owners Fee Includes
Roof Maintenance, Sewer, Trash Pickup, Water
Net Operating Income Projected
95600
Possession
Close of Escrow
Sale/Rent
For Sale
Sales Restrictions
N/K, Other/Remarks
Short Sale
no
Tenant Pays
Cable TV, Electricity, Gas/Propane
Terms
Cash, Conventional, Exchange
Unit 1 Deposit
2025
Unit 1 Projected Rent
2800
Unit 1 Rent Actual
2000
Unit 2 Projected Rent
2000
Unit 3 Projected Rent
1800
Unit 3 Rent Actual
1250
Unit 4 Projected Rent
2400
Contact - Listing ID 220014044
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker
