For more information on this property,
contact Lawrence Dy at 8584491253 or lawrencedy@gmail.com
6090-92
Severin Dr,
La Mesa,
California
CA
91942
Sold For: $870,000
Listing ID 230001675
Status SOLD
SqFt 6,781
Acres 0.160
Year Built 1952
Property Description:
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.
Primary Features
County:
San Diego
City:
La Mesa
Property Type:
2-4 Units
Year Built:
1952
Interior
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
External
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
Location
Community:
LA MESA
Complex/Park:
Severin Manor 3
Country:
United States
Market Area:
East County
Zip/Area:
LA MESA (91942)
Additional
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.
Financial
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
Zoning Info
Contact
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker
