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1101 Colusa St

San Diego, CA 92110
  • $2,950,000
  • STATUS: ACTIVE
  • ON SITE: 95 Days
  • ID#: 220029690
$2,950,000
  • 12
    BEDS
  • N/A
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 4,750
    SQFT
  • $621
    $/SQFT
Neighborhood:
Morena
Type:
Multi-Family
Built:
1988
County:
San Diego
Area:
Old Town Sd (92110)

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Description

Price improvement! Excellent location, never-before sold townhome style 4-plex just steps from University of San Diego (USD). This four-unit property has three 3 bed 3 bath units and one 3 bed 2 bath unit, making it perfect for student rentals or long-term tenants. Tenants enjoy a quiet neighborhood in close proximity to major freeways, with western views of Sea World fireworks. Three units have two-car garages with a one-car garage for the three bed two bath unit.

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San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/135417983
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1101 Colusa St San Diego, CA 92110

  • Price: $2,950,000
  • Status: ACTIVE
  • On Site: 95 Days
  • ID#: 220029690
12
Beds
11
Baths
0
½ Baths
N/A
Acres
4,750
SQFT
$621
$/SQFT
1988
Built
Neighborhood:
Morena
County:
San Diego
Area:
Old Town Sd (92110)
Property Description
Price improvement! Excellent location, never-before sold townhome style 4-plex just steps from University of San Diego (USD). This four-unit property has three 3 bed 3 bath units and one 3 bed 2 bath unit, making it perfect for student rentals or long-term tenants. Tenants enjoy a quiet neighborhood in close proximity to major freeways, with western views of Sea World fireworks. Three units have two-car garages with a one-car garage for the three bed two bath unit.
Exterior Features

Exterior Stucco Fencing N/K Irrigation N/K Parking For RV Other/Remarks Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Garage Desc Unit3 Attached Parking Garage Desc Unit4 Attached Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 2 Parking Garage Spaces Unit4 2 Pool N/K Pool Heat None Known Roof Tile/Clay Site Corner Lot Spa N/K Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 0

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Fireplace Heat Source Natural Gas Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 2 Total Baths Unit3 3 Total Baths Unit4 3 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 4 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 0.84 Age Restrictions N/K Annual Expense Actual 49000 Annual Expense Projected 49000 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community San Diego Complex Park N/A Cross Streets Gaines St Gross Rent Multiplier Actual 39.0 Gross Rent Multiplier Project 12.7 Gross Scheduled Income Actual 76000 Gross Scheduled Income Project 237000 Mandatory Remarks None Known Market Area Metro Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 180000 Other Fees 0.0 Other Income Actual 0 Possession Other/Remarks Projected Cap Rate 6.2 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 2600 Unit1 Occupied Tenant Unit1 Projected Rent 5000.0 Unit1 Rent Actual 2600.0 Unit2 Deposit 0 Unit2 Occupied Owner Unit2 Projected Rent 4750.0 Unit2 Rent Actual 0.0 Unit3 Deposit 1800 Unit3 Occupied Owner Unit3 Projected Rent 5000 Unit3 Rent Actual 1800.0 Unit4 Deposit 2000 Unit4 Occupied Tenant Unit4 Projected Rent 5000 Unit4 Rent Actual 2000.0

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128