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2259-69 Market St

San Diego, CA 92102
  • $1,875,000
  • STATUS: ACTIVE
  • ON SITE: 47 Days
  • ID#: 240022078
UPDATED: 24 min ago
$1,875,000
  • 6
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

2259 Market St is a 6 unit property being offered for the first time in over 3 decades. Property is comprised of 3bd, 2bd, and 1bd units and sits on a 7,223 sq ft lot. Take advantage of the opportunity to upgrade existing units along with the ability to add additional units in the rear of the property. Current zoning is CC 3-4 and located within the Sustainable Development Area.

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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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/155334662
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2259-69 Market St San Diego, CA 92102

  • Price: $1,875,000
  • Status: ACTIVE
  • On Site: 47 Days
  • Updated: 24 min ago
  • ID#: 240022078
6
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego (92102)
County:
San Diego
Area:
San Diego (92102)
Property Description
2259 Market St is a 6 unit property being offered for the first time in over 3 decades. Property is comprised of 3bd, 2bd, and 1bd units and sits on a 7,223 sq ft lot. Take advantage of the opportunity to upgrade existing units along with the ability to add additional units in the rear of the property. Current zoning is CC 3-4 and located within the Sustainable Development Area.
Interior Features

Sq Ft Of Improvement 0 Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No

Property Features

Actual Gross Operating Income 105849 Actual Gross Scheduled Income 111420.0 Actual Operating Expense 56213 Actual Vacancy And Credit Loss 5571 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 16.8 Have N/A Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 9285 Motive Want N/A Other Income Amount 50 Other Income Source Storage Projected Cap Rate 5.3 Projected Gross Multiplier 11.5 Projected Gross Scheduled Inc 163500 Projected Net Income 99113 Short Sale No Unit Number1 3 Unit Number2 1 Unit Number3 2 Unit Rent Total1 5700 Unit Rent Total2 1900 Unit Rent Total3 1635 Unit Rent1 1900 Unit Rent2 1900 Unit Rent3 818

San Diego MLS logo Listing provided courtesy of Miles Slater of JLM Real Estate Inc: 425-405-8892. Listing information © 2024 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 © 2024 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