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601-15 Stork St

San Diego, CA 92114
  • $2,500,000
  • STATUS: ACTIVE
  • ON SITE: 45 Days
  • ID#: 240022083
UPDATED: 67 min ago
$2,500,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

601-7 Stork St and 601-15 Stork are being offered as a package. The property consists of 8 3bd/1ba Cottage Style units and a 1bd/1ba Cottage. The property has two separate APNs. Total lot size between both parcels is 20,112 sq ft and offers 10 parking spaces for tenant use. The property has been well kept over the years and an opportunity exists to renovate the existing units and increase rents to market rate.

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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/155337407
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601-15 Stork St San Diego, CA 92114

  • Price: $2,500,000
  • Status: ACTIVE
  • On Site: 45 Days
  • Updated: 67 min ago
  • ID#: 240022083
4
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Encanto (92114)
County:
San Diego
Area:
Encanto (92114)
Property Description
601-7 Stork St and 601-15 Stork are being offered as a package. The property consists of 8 3bd/1ba Cottage Style units and a 1bd/1ba Cottage. The property has two separate APNs. Total lot size between both parcels is 20,112 sq ft and offers 10 parking spaces for tenant use. The property has been well kept over the years and an opportunity exists to renovate the existing units and increase rents to market rate.
Interior Features

Sq Ft Of Improvement 0 Unit Furnished1 No Unit Furnished2 No

Property Features

Actual Gross Operating Income 148325 Actual Gross Scheduled Income 156132.0 Actual Operating Expense 82490 Assumable Finance 0 Buildings 9 Gross Equity 0 Gross Multiplier 16 Have N/A Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 13011 Motive Want N/A Projected Cap Rate 7.6 Projected Cash On Cash 9 Projected Gross Multiplier 8.7 Projected Gross Operating Inc 272460 Projected Gross Scheduled Inc 286800 Projected Net Income 189970 Short Sale No Unit Number1 8 Unit Number2 1 Unit Rent Total1 12101 Unit Rent Total2 910 Unit Rent1 1513 Unit Rent2 910

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