BACK ON THE MARKET! Seller has done extensive upgrades and improvements to this property! It's turn-key ready for a new owner! This one-of-kind property features a layout that enables each unit to remain individual and secluded, with each unit boasting a gas fireplace and a minimum of 2 bedrooms! One unit is a spacious 3 BR/2BA 1600+ ESF! Another unit is 2B$/2.5BA + a Loft ESF 1075! Many units have balconies and porches, there is a charming center courtyard with an ambiance of being in a private park! Off-street parking! Great location, close to bay and beach! Owner on site, current rents EXTREMELY under market rates. Exceptional property! Seller very motivated, submit all offers!
Property Type:
Com-Res Income
Price Per Unit:
325000.0
Price Per SqFt:
$262.38
Lease per Sq Ft:
$319.78
Finished area:
9,375 sq. ft.870.97 m2
Lot Size:
0.22 acre(s)0.09 hectare(s)
Lot Size Commercial:
.25 Acres or less
Lot Details:
75x125
Num Stories:
2
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
3
Number of Units:
6
Stories:
2 Story
Unit Type:
Other/Remarks
Year Built:
23
Days on market:
418
Cap Rate.:
2.28
Gross Multiplier:
19.21
Gross operating income:
102132
Gross scheduled income:
101,460
Net operating income:
44460
Other income source:
laundry
Other income:
672
Operating expense:
57000
Vacancy & Credit Loss:
0.0
Projected Cap Rate.:
4.8
Projected Gross Multiplier:
12.87
Projected gross operating income:
150555
Projected gross scheduled income:
151500
Projected net Income:
102645
Projected other income:
3600
Projected operating expense:
57000
Projected Vacancy & Credit Loss:
4545.0
Motive / Want:
Seller retiring! Cash out, submit!
Existing Financing:
Conventional
Listing Type:
Exclusive Right (R)
Exterior Finish:
Cable Available, Part Fenced
Parking:
Garages, Spaces
Total Parking Spaces:
9
Cooling:
N/K
Heating:
Wall/Gravity, Central Forced Air Gas
Laundry:
Owned
Floor finish:
Hardwood, Tile, Wall to Wall Carpet
Roof:
Composition
Terms:
Cash
Number of Units with Dishwashers:
5
Number of Units with Disposals:
6
Number of Units with Drapes:
6
Number of Units with Garages:
3
Number of Units with Range/Oven:
6
Number of Units with Refrigerators:
6
Number of Leased Appartments:
6
Number of Units in Unit 1:
1934
Number of Units in Unit 2:
19344
Number of Units in Unit 3:
1936
Number of Units in Unit 4:
19366
Number of Units in Unit 5:
1938
Number of Units in Unit 6:
19388
Unit 1 Furnished:
N
Unit 2 Furnished:
N
Unit 3 Furnished:
N
Unit 4 Furnished:
N
Unit 5 Furnished:
N
Unit 6 Furnished:
N
Total Rent for Unit 1:
1255.0
Total Rent for Unit 2:
1350.0
Total Rent for Unit 3:
2650.0
Total Rent for Unit 4:
900.0
Total Rent for Unit 5:
1400.0
Total Rent for Unit 6:
900.0
Bedrooms for Unit 1:
2
Bedrooms for Unit 2:
2
Bedrooms for Unit 3:
3
Bedrooms for Unit 4:
2
Bedrooms for Unit 5:
2
Bedrooms for Unit 6:
2
Bathroom 1:
2.0
Bathroom 2:
2.5
Bathroom 3:
2.0
Bathroom 4:
2.5
Bathroom 5:
2.0
Bathroom 6:
2.0
Parcel Number:
424-181-18-00
Court/Lender Approval:
No
Listed by
Tom Hom & Associates
Listing information last updated on 27-Oct-2011 1:46 AM
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