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4209-4221 W Third Ave

San Diego, CA 92103
  • $4,000,000
  • STATUS: ACTIVE
  • ON SITE: 89 Days
  • ID#: SDC0000897
UPDATED: 59 min ago
$4,000,000
  • 14
    BEDS
  • N/A
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

These are truly unique units in Hillcrest area. Located between Scripps Med Center and USD Med Center, walking distance to both. 9 total units on two tax parcels. 5 units on one property, 4 on the other. First property is a small house in front, with 4 1/1 units in back. Second Parcel is 4 2/1 units. These well maintain units all have below market rents being collected. No rent restrictions. All units have off street parking.

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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/153575350
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4209-4221 W Third Ave San Diego, CA 92103

  • Price: $4,000,000
  • Status: ACTIVE
  • On Site: 89 Days
  • Updated: 59 min ago
  • ID#: SDC0000897
14
Beds
9
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Mission Hills (92103)
County:
San Diego
Area:
Mission Hills (92103)
Property Description
These are truly unique units in Hillcrest area. Located between Scripps Med Center and USD Med Center, walking distance to both. 9 total units on two tax parcels. 5 units on one property, 4 on the other. First property is a small house in front, with 4 1/1 units in back. Second Parcel is 4 2/1 units. These well maintain units all have below market rents being collected. No rent restrictions. All units have off street parking.
Exterior Features

Construction StuccoFrame Parking Spaces Total 9

Interior Features

Laundry Owned Sq Ft Of Improvement 0 Stories 2 Story

Property Features

1st Loan Balance 0 Actual Cap Rate 3.1 Actual Gross Operating Income 16764 Actual Gross Scheduled Income 16764 Actual Mgr Expense 1225 Actual Operating Expense 3317 Actual Prop Management 1225 Actual Vacancy And Credit Loss 0 Assumable Finance 0 Existing Financing Clear Financial Information Source Other/RemarksOwner Gross Equity 4500000 Gross Multiplier 20.89 Have 9 Units Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 16764 Motive Want Cash out Other Income Actual 0 Other Income Amount 18.00 Other Income Source LAUNDRY Present Loan 0 Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms Cash to New LoanCash Unit Rent Total1 1936 Unit Rent Total2 1936 Unit Rent Total3 2035 Unit Rent1 1936.00 Unit Rent2 1936.00 Unit Rent3 2035.00 Unit Rent4 1936 Unit Rent5 2050.00 Unit Rent6 1633.50 Unit Rent7 1512.00 Unit Rent8 1800 Unit Rent9 1925.00 Unit Type Free StandingFourplex

San Diego MLS logo Listing provided courtesy of Ron Bentley of Equity Real Estate-Pacific Coast: 760-277-7785. 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