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    401-423 Aurora Street

    San Diego, CA 92102
    • $2,750,000
    • STATUS: ACTIVE
    • ON SITE: 41 days
    • ID#: 200053524
    UPDATED: 4 min ago
    $2,750,000
    • 2
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Aurora Street Apartment Homes, a 12 unit apartment community located in the Chollas View submarket of San Diego. Situated on three separate parcels totaling 8,780 square feet of land the property is comprised of twelve 2 bedroom/1 bath units that are approximately 750 square feet each. All units have undergone interior upgrades over the years that include newer flooring, kitchens and bathrooms. Current ownership recently completed an exterior upgrade of the property that included new paint, landscaping, and trash enclosure. Residents enjoy clean spacious units, an on site laundry room, and several outdoor common areas. Additionally, the property is walking distance from the 47th street trolley station providing convenient public transportation to employment centers, universities, and entertainment. The Aurora Street Apartment Homes provides buyer with a well maintained cash flowing asset in central San Diego.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.yournextcalihome.com/homes/112482582
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    401-423 Aurora Street San Diego, CA 92102

    • Price: $2,750,000
    • Status: ACTIVE
    • Updated: 4 min ago
    • ID#: 200053524
    2
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    The Aurora Street Apartment Homes, a 12 unit apartment community located in the Chollas View submarket of San Diego. Situated on three separate parcels totaling 8,780 square feet of land the property is comprised of twelve 2 bedroom/1 bath units that are approximately 750 square feet each. All units have undergone interior upgrades over the years that include newer flooring, kitchens and bathrooms. Current ownership recently completed an exterior upgrade of the property that included new paint, landscaping, and trash enclosure. Residents enjoy clean spacious units, an on site laundry room, and several outdoor common areas. Additionally, the property is walking distance from the 47th street trolley station providing convenient public transportation to employment centers, universities, and entertainment. The Aurora Street Apartment Homes provides buyer with a well maintained cash flowing asset in central San Diego.
    Interior Features

    Sq Ft Of Improvement 9000

    Property Features

    Actual Cap Rate 6.26 Actual Cash Flow 60914 Actual Cash On Cash 8.86 Actual Gross Operating Income 246868 Actual Gross Scheduled Income 229712.0 Actual Operating Expense 74816 Actual Total Pi Pay 111139 Actual Vacancy And Credit Loss 6891 Assumable Finance 0 Complex Features Other/Remarks Gross Equity 2750000 Gross Multiplier 11.97 Have Real Estate Mandatory Remarks None Known Market Area Metro Central Motive Want Sell/Exchange Other Income Actual 24048 Projected Annual Pi Expense 111139 Projected Cap Rate 6.61 Projected Cash Flow 70568 Projected Cash On Cash 10.26 Projected Gross Multiplier 11.57 Projected Gross Operating Inc 256920 Projected Gross Scheduled Inc 237600 Projected Net Income 181707 Projected Operating Expense 75213 Projected Other Income 26448 Projected Vacancy And Credit Loss 7128 Unit Number1 12 Unit Rent Total1 19143 Unit Rent1 1595

    Listing provided courtesy of Acre Investment Real Estate. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131