Listing ID230001675
Sold For$870,000
StatusSOLD
SqFt
6,781
Acres
0.160
CountySan Diego
Year Built1952
Property Type2-4 Units
Every so often you see an amazing opportunity, one that exudes a pride of ownership. This gorgeous property is an example of just that. Located in the heart of Fletcher Hills, offering 2 units, each a 2+1 configuration, each having been updated throughout. The property sits on a corner lot with a large private rear-yard, attached 2 car garage w/storage, washer/dryer(s) and large driveway for off street parking. If you’re in the market for a ‘turn-key’ investment property that is tenant occupied, look no further – this property is a MUST SEE!The property has been extensively updated throughout. The sewer line was replaced entirely with ABS to the City sewer line in 2019. The work includes a 10-year transferrable warranty. The exterior trim was painted 18 months ago, the interior was painted 3 years ago. The bathrooms and kitchens have both been updated within the past 5 years to include new cabinets, flooring and appliances. The windows have been updated with Milgard Aluminum units. The garage doors are fully insulated aluminum doors both with automated openers. The exterior irrigation is fully automated.
County
San Diego
City
La Mesa
Property Type
2-4 Units
Year Built
1952
Cooling
Zoned Area(s)
Levels
2 Story
Total Stories
2
Unit 1 Estimated SqFt
720
Unit 1 Laundry Hook Ups
Yes
Unit 1 Number of Bedrooms
2
Unit 1 Number of Full Baths
1
Unit 1 Number Total Baths
1
Unit 2 Estimated SqFt
720
Unit 2 Laundry Hook Ups
Yes
Unit 2 Number of Bedrooms
2
Unit 2 Number of Full Baths
1
Unit 2 Number Total Baths
1
Unit Number for Unit 1
6090
Unit Number for Unit 2
6092
Entry Only
yes
Exterior
Stucco
Fencing
Partial
Irrigation
Automatic
Lot Size
4,000-7,499 SF
Neighborhood
Fletcher Hills
Number of Buildings
1
Number of Units
2
Number of Units w/Dryers
2
Number of Units w/Garage
2
Number of Units w/Patios
2
Number of Units w/Range/Oven
2
Number of Units w/Refrigerator
2
Number of Units w/Washers
2
Number Units w/Cooling
2
Number Units w/Dishwashers
2
Parking Garage Unit 1
Attached
Parking Garage Unit 2
Attached
Roof
Composition
Sewer/Septic
Sewer Connected
Unit 1 Parking Garage Space
1
Unit 2 Parking Garage Space
1
Water
Meter on Property
Water Heater Type
Gas
Community
LA MESA
Complex/Park
Severin Manor 3
Country
United States
Market Area
East County
Zip/Area
LA MESA (91942)
Property Type
2-4 UNITS
Supplement
The property has been extensively updated throughout. The sewer line was replaced entirely with ABS to the City sewer line in 2019. The work includes a 10-year transferrable warranty. The exterior trim was painted 18 months ago, the interior was painted 3 years ago. The bathrooms and kitchens have both been updated within the past 5 years to include new cabinets, flooring and appliances. The windows have been updated with Milgard Aluminum units. The garage doors are fully insulated aluminum doors both with automated openers. The exterior irrigation is fully automated.
Age Restrictions
N/K
Annual Expense Actual
10139
Annual Expense Projected
10400
Cap Rate Actual
3.41
Cap Rate Projected
4.64
Financing
VA
Gross Rent Multiplier Act
23.19
Gross Rent Multiplier Projected
17.05
Gross Scheduled Income Actual
3050
Gross Scheduled Income Projected
4150
Net Operating Income Projected
39400
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
Sewer, Trash, Electricity, Gas/Propane, Hot Water
Terms
Cash, Conventional, FHA
Unit 1 Deposit
1500
Unit 1 Projected Rent
2050
Unit 1 Rent Actual
1500
Unit 2 Deposit
1500
Unit 2 Projected Rent
2100
Unit 2 Rent Actual
1500
Contact - Listing ID 230001675
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
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