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Address Not Available By Request

San Diego, CA 92115
  • $5,650,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: PTP2305628
UPDATED: 43 min ago
$5,650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Keaton English of Acropolis Enterprise (619-917-2974) and Alladdine Gueddar of C&C Capital Mortgage & Realty(619-917-2974)


Description

Welcome to this stunning 16 unit apartment complex, located in the highly desirable college area of San Diego.The location of this complex is unbeatable, with close proximity to top-rated universities, shopping, and dining options. Tenants will enjoy easy access to major freeways. This property has been fully renovated with PERMITS. Roof, Electrical, Plumbing, EVERYTHING. Each unit was taken down to the studs and rebuilt. Meaning all of your CapEx has been taken care of for the foreseeable future. TWO separate buildings. Featuring (8) 2/1's + Dens and (8) 1/1's + Dens, each unit is equipped with interior Washer/Dryers, 16 assigned parking spaces. Gated entry keeping the commons secured. This is truly a trophy asset to add to your portfolio. Boasting modern and sophisticated design that is sure to impress tenants. Each unit features high-end finishes, including new flooring, fresh paint, stainless steel appliances, and quartz countertops.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-28T21:29:24.33. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/145227644
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Address Not Available By Request San Diego, CA 92115

  • Price: $5,650,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 43 min ago
  • ID#: PTP2305628
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1956
Built
Neighborhood:
92115 - San Diego
County:
San Diego
Area:
92115 - San Diego
Property Description
Welcome to this stunning 16 unit apartment complex, located in the highly desirable college area of San Diego.The location of this complex is unbeatable, with close proximity to top-rated universities, shopping, and dining options. Tenants will enjoy easy access to major freeways. This property has been fully renovated with PERMITS. Roof, Electrical, Plumbing, EVERYTHING. Each unit was taken down to the studs and rebuilt. Meaning all of your CapEx has been taken care of for the foreseeable future. TWO separate buildings. Featuring (8) 2/1's + Dens and (8) 1/1's + Dens, each unit is equipped with interior Washer/Dryers, 16 assigned parking spaces. Gated entry keeping the commons secured. This is truly a trophy asset to add to your portfolio. Boasting modern and sophisticated design that is sure to impress tenants. Each unit features high-end finishes, including new flooring, fresh paint, stainless steel appliances, and quartz countertops.
Exterior Features

Entry Level 8 Lot Features Front Yard Open Parking Spaces 16 Parking Total 16

Interior Features

Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Cap Rate 4.5 Gross Scheduled Income 433200 Insurance Expense 4942 Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 277281 Operating Expense 138591 Property Sub Type Multi Family Special Listing Conditions Standard Trash Expense 2732 Water Source Public Zoning R-3:RESTRICTED MULTIPLE



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-28T21:29:24.33. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.
 
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EQTY | Forbes Global Properties
1100 Newport Center Drive, Suite 110
Newport Beach CA, 92660
Listing Agent(s): Keaton English of Acropolis Enterprise (619-917-2974) and Alladdine Gueddar of C&C Capital Mortgage & Realty(619-917-2974)