1203 23rd Street

    San Diego, CA 92102
    • $1,295,000
    • STATUS: ACTIVE
    • ON SITE: 81 days
    • ID#: 190042478
    $1,295,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Price reduced! The Jordanhouse is an incredible 12-Room SRO well-located in the Golden Hill neighborhood of San Diego. This 1900’s prairie-style building has retained it’s original charming character, and the property is meticulously maintained and closely managed by the owner. The property comprises a total of twelve fully-furnished rooms including amenities such as televisions, linens, complimentary coffee, and wi-fi. Residents share a single kitchen, two full bathrooms, and one water closet. The property also features an on-site laundry facility, front patio breakfast nook, and a backyard barbecue area, including a seating area with an outdoor large screen TV, in a beautiful garden setting. Tenants are longer-term, quality tenants who pay weekly with rates varying based on the size and view of the room. Property is truly turn-key and in impeccable condition with many recent upgrades. Possible vacation rental potential and residential financing!

    Monthly Payment Calculator

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/97487507

    1203 23rd Street San Diego, CA 92102

    • Price: $1,295,000
    • Status: ACTIVE
    • ID#: 190042478
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    Neighborhood:
    San Diego (92102)
    County:
    San Diego
    Area:
    San Diego (92102)
    Property Description
    Price reduced! The Jordanhouse is an incredible 12-Room SRO well-located in the Golden Hill neighborhood of San Diego. This 1900’s prairie-style building has retained it’s original charming character, and the property is meticulously maintained and closely managed by the owner. The property comprises a total of twelve fully-furnished rooms including amenities such as televisions, linens, complimentary coffee, and wi-fi. Residents share a single kitchen, two full bathrooms, and one water closet. The property also features an on-site laundry facility, front patio breakfast nook, and a backyard barbecue area, including a seating area with an outdoor large screen TV, in a beautiful garden setting. Tenants are longer-term, quality tenants who pay weekly with rates varying based on the size and view of the room. Property is truly turn-key and in impeccable condition with many recent upgrades. Possible vacation rental potential and residential financing!
    Exterior Features

    Parking Spaces Total 0 Roof Composition

    Interior Features

    Stories 2 Story

    Property Features

    Actual Cap Rate 5.65 Actual Gross Operating Income 123117 Actual Gross Scheduled Income 125280 Actual Operating Expense 49941 Actual Other Income 2848 Actual Vacancy And Credit Loss 5011 Assumable Finance 0 Buildings 1 Complex Features Bbq Employees 1 Financial Information Source Owner Fiscal Year From 18 Fiscal Year To 19 Gross Multiplier 10.11 Have 12-Room Sro Manager Operated Yes Mandatory Remarks None Known Market Area Metro Central Motive Want Exchange Up Other Income Source Laundry/Re Own Lease Other1 Y Owner Operated Y Projected Cap Rate 6.56 Projected Gross Operating Inc 143718 Projected Gross Scheduled Inc 153120 Projected Net Income 84890 Projected Operating Expense 58828 Projected Other Income 2848 Projected Vacancy And Credit Loss 12250 Room Rates Off From 195 Room Rates Off To 225 Room Rates On From 195 Room Rates On To 225 Rooms Income 125280 Sales Restrictions N/K Short Sale No Sq Ft Source Buyer To Verify Terms CashCash To New LoanOther/Remarks Total Income 128128 Will Manager Stay Y

    Listing provided courtesy of Marcus & Millichap. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101