Skip To Content
    Return to Previous Page

    Address Not Available By Request

    San Diego, CA 92102
    • $2,195,000
    • STATUS: ACTIVE
    • ON SITE: 21 days
    • ID#: 200054877
    UPDATED: 118 min ago
    $2,195,000
    • 10
      BEDS
    • 0.16
      ACRES
    • 9
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    2449-2451 A Street is a 9-unit value-add multifamily asset situated in one of San Diego’s most popular neighborhoods. This apartment community is situated on a 6,945sf lot and is comprised of two (2) studio units, four (4) 1 bedroom / 1 bathroom units and three (3) 2 bedroom / 1 bathroom units (5,104 rentable sf). The property has an attractive courtyard setting, laundry room and onsite parking (5 spaces). The property is conveniently located just minutes away from Downtown San Diego. Tenants enjoy the walkability of Golden Hill with easy access to local services, shopping and community parks. ***ProForma Cap Rate 6.36%%, ProForma GRM 10.5*** Email listing agent for Offering Memorandum. Please do not walk on property or disturb the tenants, drive-by only.

    Monthly Payment Calculator

    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/112945862
    Print Image

    Address Not Available By Request San Diego, CA 92102

    • Price: $2,195,000
    • Status: ACTIVE
    • Updated: 118 min ago
    • ID#: 200054877
    10
    Beds
    9
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    2449-2451 A Street is a 9-unit value-add multifamily asset situated in one of San Diego’s most popular neighborhoods. This apartment community is situated on a 6,945sf lot and is comprised of two (2) studio units, four (4) 1 bedroom / 1 bathroom units and three (3) 2 bedroom / 1 bathroom units (5,104 rentable sf). The property has an attractive courtyard setting, laundry room and onsite parking (5 spaces). The property is conveniently located just minutes away from Downtown San Diego. Tenants enjoy the walkability of Golden Hill with easy access to local services, shopping and community parks. ***ProForma Cap Rate 6.36%%, ProForma GRM 10.5*** Email listing agent for Offering Memorandum. Please do not walk on property or disturb the tenants, drive-by only.
    Exterior Features

    Carports 0 Construction Stucco Parking Other/Remarks Parking Spaces Total 5 Roof Composition Units With Garages 0

    Interior Features

    Floors Slab Sq Ft Of Improvement 5104 Unit Furnished1 0 Unit Furnished2 0 Unit Furnished3 0 Unit Furnished4 0 Unit Furnished5 0 Unit Furnished6 0 Unit Furnished7 0 Unit Furnished8 0 Unit Furnished9 0 Units With Dishwashers 0 Units With Disposals 9 Units With Ranges 9 Units With Refrigerators 9

    Property Features

    Actual Cap Rate 2.92 Actual Cash Flow 3199 Actual Gas And Electric 900 Actual Gross Operating Income 124082 Actual Gross Scheduled Income 127920.0 Actual Maintenance Expense 3150 Actual Mgr Expense 6204 Actual Operating Expense 59891 Actual Other Expense 2500 Actual Pest Control Expense 5000 Actual Supplies Expense 3150 Actual Taxes Expense 26995 Actual Total Expense 59891 Actual Water Sewer Expense 9742 Assumable Finance 0 Buildings 3 Flood Zone Remarks Geological Hazard Zone Remarks Gross Equity 0 Gross Multiplier 17.16 Have 9 Units Leased Apartments 9 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 10629 Motive Want Sell Other Income Actual 372 Other Income Amount 372 Other Income Source Laundry Projected Cap Rate 6.36 Projected Cash Flow 81995 Projected Fl Ins Expense 2250 Projected Fl Ins Expense1 2250 Projected Gardener Expense 5000 Projected Gas And Electric 900 Projected Gross Multiplier 10.86 Projected Gross Operating Inc 203537 Projected Gross Scheduled Inc 209832 Projected Maintenance Expense 3150 Projected Manager Expense 9799 Projected Net Income 139674 Projected Operating Expense 63863 Projected Other Expense 2500 Projected Other Income 372 Projected Pest Expense 5000 Projected Supplies Expense 3150 Projected Taxes Expense 26995 Projected Total Expense 63863 Projected Water And Sewer Expense 9742 Short Sale No Tenant Pays Electric Y Tenant Pays Gas N Tenant Pays Water N Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Number9 1 Unit Rent Total1 170 Unit Rent Total2 1250 Unit Rent Total3 1250 Unit Rent Total4 880 Unit Rent Total5 1600 Unit Rent Total6 1550 Unit Rent Total7 1250 Unit Rent Total8 1490 Unit Rent Total9 1089 Unit Rent1 170 Unit Rent2 1250 Unit Rent3 1250 Unit Rent4 880 Unit Rent5 1600 Unit Rent6 1550 Unit Rent7 1250 Unit Rent8 1490 Unit Rent9 1089 Zoning Rm-1-1

    Listing provided courtesy of Apartment Realty Group (Arg). 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.
     
    https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_2_200054877-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_2_200054877-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_2_200054877-2.jpg
    Logo
    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131