3485-3487 Del Rey Street
Coastal South
San Diego
92109
$1,300,000
2-4 Units
2,758 sq. ft.
built: 1958
Completed in 1958, this well maintained four-plex includes a mix of one and two-bedroom floor plans. There is an opportunity for an investor to complete interior renovations and achieve substantially higher rents. The subject is located west of Interstate 5 and walking distance to Mission Bay and Mission Bay Park, the 4,600 acre aquatic playground with miles of beaches and waterways. Pacific Beach has a plethora of popular eateries, shopping and attractions, all walking distance from the property.
Listing Info:
Total Floor Area:
2,758 sq. ft. 256.23 m2
Lot Size:
1-3,999 SF
Number of Buildings:
1
Number of Units:
4
Year Built:
1958
Stories:
1 Story
Total Stories:
1
Market Area:
Coastal South
Community:
PACIFIC BEACH
County:
San Diego
Neighborhood Code:
Pacific Beach
Name of Complex/Subdivision:
n/a
Fees:
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Cable TV
Other income:
0
Annual expense actual:
44549
Cap Rate.:
2.87
Projected Cap Rate.:
3.54
Gross Rent Multiplier:
17.1
Projected Gross Rent Multiplier:
15.3
Gross scheduled income:
93348
Unit 1:
Finished Area for Unit 1:
510 sq. ft. 47.38 m2
Bedrooms for Unit 1:
1
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
500.0
Total Rent for Unit 1:
1690.0
Projected Rent for Unit 1:
1900.0
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
No
Unit 2:
Finished Area for Unit 2:
510 sq. ft. 47.38 m2
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
500.0
Total Rent for Unit 2:
1820.0
Projected Rent for Unit 2:
2000.0
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
No
Unit 3:
Finished Area for Unit 3:
630 sq. ft. 58.53 m2
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
500.0
Total Rent for Unit 3:
2135.0
Projected Rent for Unit 3:
2400.0
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
No
Unit 4:
Finished Area for Unit 4:
630 sq. ft. 58.53 m2
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
500.0
Total Rent for Unit 4:
2135.0
Projected Rent for Unit 4:
2400.0
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
No
Cross Street:
Glendora Street
Additional Details:
Exterior Features:
Stucco
Cooling:
None
Heating:
Wall/Gravity
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
0
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Roof:
Composition
Security:
N/K
Fencing:
Partial
Other Details:
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Conventional
Parcel Number:
424-362-15-00
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Listed by Eric D. Comer, Broker
Data was last updated September 13, 2024 at 11:10 PM (UTC)
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