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1833-37 Fern St

San Diego, CA 92102
  • $2,999,999
  • STATUS: ACTIVE
  • ON SITE: 350 Days
  • ID#: 230014561
UPDATED: 77 min ago
$2,999,999
  • 8
    BEDS
  • 0.11
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Variance granted Commercial Res Income. VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units + 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park's amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+ per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers - VA and DSCR financing are available!

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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.sellsandiego.com/homes/141908880
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1833-37 Fern St San Diego, CA 92102

  • Price: $2,999,999
  • Status: ACTIVE
  • On Site: 350 Days
  • Updated: 77 min ago
  • ID#: 230014561
8
Beds
7
Baths
0
½ Baths
0.11
Acres
Neighborhood:
San Diego (92102)
County:
San Diego
Area:
San Diego (92102)
Property Description
Variance granted Commercial Res Income. VA 100% Financing OK! Welcome to this stunning five-unit property (3 Units + 2 ADUs) in the charming and very walkable South Park neighborhood of San Diego. This property consists of 5 Units Total: 1833 Fern is a 4 bed 3 bath Single Family home, 1835 Fern Units A & B is a top/bottom duplex identical 1 bd 1 ba's, and 2 new construction ADUs both identical 1bd 1ba's. This is an excellent opportunity for an owner-occupant or a savvy investor. Once stabilized, this property could bring in upwards of $14,000+ in gross rents or push that further by having a mix of short-term and long-term rentals. With South Park's amazing location and with the combination of short-term and long-term rentals, this property could reach gross rents of upwards of $20,000+ per month. With a location that is second to none, you can walk to everything South Park offers, including amazing restaurants, fun events, a food truck park, Target Express, more shopping, bars, parks, hiking trails, the zoo, and even the airport. Strategic financing options available for owner-occupied and non-owner-occupied purchasers - VA and DSCR financing are available!
Exterior Features

Carports 0 Construction Stucco Exterior Block FenceCable AvailableMetal FenceNo LandscapingWood FenceWood Deck Parking Spaces Parking Spaces Total 5 Roof Composition Units With Garages 0

Interior Features

Cooling Central Forced Air ElecWall/Window Floor Coverings HardwoodTile Heating Central Forced Air GasWall Sq Ft Of Improvement 4270 Stories 2 Story Unit Furnished3 No Unit Furnished4 No Unit Furnished5 No Units With Dishwashers 1 Units With Disposals 5 Units With Drapes 5 Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Gross Operating Income 79050 Actual Gross Scheduled Income 79050.0 Actual Operating Expense 3330 Actual Prop Management 0 Actual Taxes Expense 7650.94 Actual Vacancy And Credit Loss 0 Assumable Finance 0 Buildings 3 Complex Features None Financial Information Source Owner Fiscal Year From 22 Fiscal Year To 23 Gross Equity 3199000 Gross Multiplier 40.47 Have 5 Units Leased Apartments 5 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 5900 Motive Want Cash-Out Other Income Actual 0 Projected Cap Rate 4.5 Projected Gross Multiplier 21.19 Projected Gross Operating Inc 150960 Projected Gross Scheduled Inc 0 Projected Operating Expense 5550 Projected Other Income 0 Short Sale No Special None Sq Ft Source OwnerPlans Tenant Pays Electric 5 Tenant Pays Gas 3 Tenant Pays Water 1 Terms CashCash to New LoanSubmitVAOther/Remarks Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 3200 Unit Rent Total2 1350 Unit Rent Total3 1350 Unit Rent Total4 2300 Unit Rent Total5 2300 Unit Rent1 3200 Unit Rent2 1350 Unit Rent3 1350 Unit Rent4 2300 Unit Rent5 2300 Unit Type 3 on a LotDuplexFree Standing Zoning RM-2-5

San Diego MLS logo Listing provided courtesy of Leslie Duvernay of Compass: 619-554-8520. 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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