$2,590,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180062156

Description

A" Location + Fully renovated +Old California style = winner for long term investment apartment hold. Amazing opportunity to own a rare commercial income asset in one of San Diego best areas (w/ nice unit mix). 7 units over 3 buildings with an excellent communal compound featuring BBQ, firepit, water fountain, chaise lounge chairs and dining table. This property was completely renovated in 2017-18, sits on a quiet wide street, is located in Mission Hills/Hillcrest area/University Heights and has a walking score of 88. Apt homes feature new tankless water heaters, roofs, windows, stainless steel appliances, custom penny tile backsplash, kitchen/bath cabinets with Quartz countertops. The property has a large storage room, laundry rm w/ new coinless machines, 1 single car garage with electric garage door, security metal gating and designer landscaping + lighting. Take a tour by clicking on a couple of the 3D tours. Transferable warranties incl roofs, appliances, windows, plumbing/tankless water heaters.

Property Details

Property type:
Commercial-Res Income
Number of Buildings:
3
Number of Stories:
2
Total Number of Parking Spaces:
1

Location

County:
San Diego

Additional Details

Number of Units:
7
Number of Leased Apartments:
7
Number of Stories:
2
Total Monthly Rent:
$13,800
Price Per Unit:
$370,000
Down Payment:
$1,090,000
Gross Equity:
$1,090,000
Existing Finance:
Other/Remarks
SqFt of Improvement:
3,834
Lot Square Footage:
7,671
Assessors Parcel #:
445-642-05-00
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Dishwasher:
5
Units with Disposals:
7
Units with Ranges:
7
Units with Refrigerator:
7
Cooling:
Other
Exterior:
All Auto Sprinklers
Heating Equipment:
Other/Remarks
Roof:
Composition, Other/Remarks
Laundry:
Owned

Unit Details

Unit 1
Number of Units:
2
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$2,495
Unit Rental Total:
$4,990
Unit 2
Number of Units:
3
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,832
Unit Rental Total:
$5,496
Unit 3
Number of Units:
2
Number of Baths:
1
Rent:
$1,495
Unit Rental Total:
$2,990

Features

Amenities:
BBQ
Floor Coverings:
Hardwood, Vinyl, Other/Remarks
Construction Features:
Drywall, Frame, Stucco
Laundry Utilities:
Owned

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Photo of Hillcrest - Photo 1
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Hillcrest

Bordering the 1,200-acre Balboa Park, Hillcrest has numerous biking and hiking trails with scenic views of canyons, gardens and flower-covered hillsides. The area is San Diego’s central hub for gender diversity and caters to its large and active lesbian, gay, bisexual and transgender (LGBT) community. The neighborhood is known for its locally-owned businesses, including restaurants, cafe... Read More

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Presented By
Tammra
Crawford

DRE# 01990291

619.993.8297

Email Me
Presented By
Tammra
Crawford

DRE# 01990291

619.993.8297

Email Me

Willis Allen Real EstateThis 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 Sandicor®. 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 © 2018 Sandicor®, Inc.