This well located apartment building consists of 4-2/1's and 6-1/1's on a 8,400 square foot lot in the highly prized North Pacific Beach submarket. Built in 1960, the "Diamond Park Apartments" has a BBQ/patio area, lush tropical landscaping and a large grassy yard for the tenant's enjoyment. The large units provide an investor greater rent per unit than comparable properties in the direct vicinity. This truly is "the best deal in Pacific Beach"
Property Type:
Com-Res Income
Price Per Unit:
172500.0
Price Per SqFt:
$232.88
Lease per Sq Ft:
$236.30
Finished area:
8,400 sq. ft.780.39 m2
Lot Size:
0.19 acre(s)0.08 hectare(s)
Lot Size Commercial:
.75 through 1.5 Acres
Lot Details:
60X140
Num Stories:
2
County:
San Diego
Market Area:
Coastal South
Number of Buildings:
1
Number of Units:
10
Stories:
2 Story
Unit Type:
Apartment
Year Built:
50
Days on market:
258
Cap Rate.:
5.79
Gross Multiplier:
11.05
Cash flow:
29726.0
Cash on cash:
4.07
Gross operating income:
156120
Gross scheduled income:
154,320
Net operating income:
99916
Other income source:
Laundry
Other income:
1800
Operating expense:
56203
Total P&I pay:
70190.0
Vacancy & Credit Loss:
0.0
Motive / Want:
Sale
Financial Information Source:
Owner, Other/Remarks
Existing Financing:
Conventional
I-5 Freeway to Garnet exit (west); Right turn (north) on Morrell Street; Right on Diamond Street
Listing Type:
Exclusive Right (R)
Complex Features:
BBQ, CTV Avail, Other/Remarks
Exterior Finish:
All Auto Sprinklers, Cable Available, Fully Landscaped, Metal Fence
Special:
None
Parking:
Spaces
Total Parking Spaces:
8
Heating:
Wall/Gravity
Laundry:
Owned
Floor finish:
Tile, Wall to Wall Carpet, Slab, Wood
Construction Material:
Block, Frame, Stucco
Roof:
Tar & Gravel
Terms:
Assumable 1st
Number of Units with Dishwashers:
10
Number of Units with Disposals:
10
Number of Units with Range/Oven:
10
Number of Units with Refrigerators:
10
Number of Units in Unit 1:
1
Number of Units in Unit 2:
1
Number of Units in Unit 3:
1
Number of Units in Unit 4:
1
Number of Units in Unit 5:
1
Number of Units in Unit 6:
1
Number of Units in Unit 7:
1
Number of Units in Unit 8:
1
Number of Units in Unit 9:
1
Number of Units in Unit 10:
1
Unit 1 Furnished:
0
Unit 2 Furnished:
0
Unit 3 Furnished:
0
Unit 4 Furnished:
0
Unit 5 Furnished:
0
Unit 6 Furnished:
0
Unit 7 Furnished:
0
Unit 8 Furnished:
0
Unit 9 Furnished:
0
Unit 10 Furnished:
0
Total Rent for Unit 1:
1625.0
Total Rent for Unit 2:
1595.0
Total Rent for Unit 3:
1595.0
Total Rent for Unit 4:
1595.0
Total Rent for Unit 5:
1095.0
Total Rent for Unit 6:
1095.0
Total Rent for Unit 7:
1095.0
Total Rent for Unit 8:
1095.0
Total Rent for Unit 9:
1095.0
Total Rent for Unit 10:
1095.0
Bedrooms for Unit 1:
2
Bedrooms for Unit 2:
2
Bedrooms for Unit 3:
2
Bedrooms for Unit 4:
2
Bedrooms for Unit 5:
1
Bedrooms for Unit 6:
1
Bedrooms for Unit 7:
1
Bedrooms for Unit 8:
1
Bedrooms for Unit 9:
1
Bedrooms for Unit 10:
1
Bathroom 1:
1.0
Bathroom 2:
1.0
Bathroom 3:
1.0
Bathroom 4:
1.0
Bathroom 5:
1.0
Bathroom 6:
1.0
Bathroom 7:
1.0
Bathroom 8:
1.0
Bathroom 9:
1.0
Bathroom 10:
1.0
Zoning:
MR 5-30
Parcel Number:
416-460-26-00
Court/Lender Approval:
No
Listed by
Apartment Realty Group ARG
Listing information last updated on 3-Jul-2011 12:01 AM
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