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    4723 Oregon

    San Diego, CA 92116
    • $2,295,000
    • STATUS: PENDING
    • ON SITE: 22 days
    • ID#: 200054782
    Pending
    UPDATED: 90 min ago
    $2,295,000
    • 7
      BEDS
    • 0.19
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The Oregon Street Cottages is a 7 unit community located North of Adams Avenue in North Park. The property is comprised of six 1-Bed/1-Bath cottages and one 3-Bed/2-Bath unit situated over 5 garages. The property is located in a quiet pocket of North Park and is walking distance from shopping, dining, and entertainment. With a walk score of 87 out of 100 tenants can enjoy many conveniences without ever getting into a car. The subject property has approximately 4,125 square feet of living area situated on a spacious 8,399 square foot parcel. Current ownership recently completed a full remodel of the two front cottages. The brand new interiors boast refinished hardwood floors, new kitchens/bathrooms with designer tile/fixtures, and updated private yard spaces. An opportunity exists for new ownership to do the same to the remaining units to further increase rents and maximize returns.

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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/112921292
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    4723 Oregon San Diego, CA 92116

    • Price: $2,295,000
    • Status: PENDING
    • Updated: 90 min ago
    • ID#: 200054782
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.19
    Acres
    Neighborhood:
    Normal Heights (92116)
    County:
    San Diego
    Area:
    Normal Heights (92116)
    Property Description
    The Oregon Street Cottages is a 7 unit community located North of Adams Avenue in North Park. The property is comprised of six 1-Bed/1-Bath cottages and one 3-Bed/2-Bath unit situated over 5 garages. The property is located in a quiet pocket of North Park and is walking distance from shopping, dining, and entertainment. With a walk score of 87 out of 100 tenants can enjoy many conveniences without ever getting into a car. The subject property has approximately 4,125 square feet of living area situated on a spacious 8,399 square foot parcel. Current ownership recently completed a full remodel of the two front cottages. The brand new interiors boast refinished hardwood floors, new kitchens/bathrooms with designer tile/fixtures, and updated private yard spaces. An opportunity exists for new ownership to do the same to the remaining units to further increase rents and maximize returns.
    Exterior Features

    Units With Garages 2

    Interior Features

    Sq Ft Of Improvement 4125

    Property Features

    Actual Cap Rate 4.56 Actual Cash Flow 27910 Actual Cash On Cash 3.20 Actual Gardener Expense 900 Actual Gas And Electric 711 Actual Gross Operating Income 152753 Actual Gross Scheduled Income 152220.0 Actual License Expense 200 Actual Maintenance Expense 5950 Actual Operating Expense 48169 Actual Prop Management 6110 Actual Taxes Expense 28272 Actual Total Expense 48169 Actual Total Pi Pay 76673 Actual Vacancy And Credit Loss 4567 Actual Water Sewer Expense 3780 Assumable Finance 0 Buildings 7 Complex Features Other/Remarks Gross Equity 995000 Gross Multiplier 15.08 Have Real Estate Mandatory Remarks None Known Market Area Metro Uptown Motive Want Exchange Other Income Actual 5100 Projected Annual Pi Expense 76673 Projected Cap Rate 5.16 Projected Cash Flow 41655 Projected Cash On Cash 4.78 Projected Fl Ins Expense 2246 Projected Fl Ins Expense1 2246 Projected Gardener Expense 900 Projected Gas And Electric 711 Projected Gross Multiplier 13.74 Projected Gross Operating Inc 167071 Projected Gross Scheduled Inc 166980 Projected License Expense 200 Projected Maintenance Expense 5950 Projected Manager Expense 6683 Projected Net Income 118328 Projected Operating Expense 48742 Projected Other Income 5100 Projected Taxes Expense 28272 Projected Total Expense 48742 Projected Vacancy And Credit Loss 5009 Projected Water And Sewer Expense 3780 Short Sale No Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 3 Unit Number5 1 Unit Rent Total1 1945 Unit Rent Total2 1795 Unit Rent Total3 1600 Unit Rent Total4 4500 Unit Rent Total5 2845 Unit Rent1 1945 Unit Rent2 1795 Unit Rent3 1600 Unit Rent4 1500 Unit Rent5 2845

    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