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    2003 3Rd Ave

    San Diego, CA 92101
    • $3,975,001
    • STATUS: ACTIVE
    • ON SITE: 185 days
    • ID#: 200018020
    UPDATED: 58 min ago
    $3,975,001
    • 12
      BEDS
    • 0.12
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Outstanding VALUE! Rare opportunity to own 16 units in prime Bankers Hill location. Seller Financing Possible* 12-1 bedroom 1 bath units and 4-Studio units. Sold turnkey fully furnished ideal for traveling health care workers, college students, military, consultants, vacationers and gig workers! Across from Sharp Medical Facility. All units are light and air some with Bay Views! Tasteful updates included refinished hardwood floors, triple pane windows, new paint, newer appliances and fixtures. Vintage Charm and historic character abound is these craftsman style villas. Walk to the Water Front, Balboa Park, Restaurants Shops, Little Italy & Downtown. Minutes to Petco Park! *Note 1% origination fee to buyer payable to seller's broker to underwrite borrower and negotiate and arrange owner financing. A minimum of 40% down payment required.

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    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/105193544
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    2003 3Rd Ave San Diego, CA 92101

    • Price: $3,975,001
    • Status: ACTIVE
    • Updated: 58 min ago
    • ID#: 200018020
    12
    Beds
    16
    Baths
    0
    ½ Baths
    0.12
    Acres
    Neighborhood:
    San Diego Downtown (92101)
    County:
    San Diego
    Area:
    San Diego Downtown (92101)
    Property Description
    Outstanding VALUE! Rare opportunity to own 16 units in prime Bankers Hill location. Seller Financing Possible* 12-1 bedroom 1 bath units and 4-Studio units. Sold turnkey fully furnished ideal for traveling health care workers, college students, military, consultants, vacationers and gig workers! Across from Sharp Medical Facility. All units are light and air some with Bay Views! Tasteful updates included refinished hardwood floors, triple pane windows, new paint, newer appliances and fixtures. Vintage Charm and historic character abound is these craftsman style villas. Walk to the Water Front, Balboa Park, Restaurants Shops, Little Italy & Downtown. Minutes to Petco Park! *Note 1% origination fee to buyer payable to seller's broker to underwrite borrower and negotiate and arrange owner financing. A minimum of 40% down payment required.
    Exterior Features

    Parking Other/Remarks Roof Tar & Gravel

    Interior Features

    Cooling Wall/Window Laundry Owned Sq Ft Of Improvement 6852 Stories 2 Story Units With Drapes 16 Units With Ranges 16 Units With Refrigerators 16

    Property Features

    Actual Gross Scheduled Income 330480.0 Actual Operating Expense 76921 Assumable Finance 820000 Buildings 2 Complex Features Bbq Financial Information Source Limited InfoOther/RemarksOwner Gross Equity 3100000 Gross Multiplier 12.03 Have 16 Apartment Units Leased Apartments 16 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 27540 Motive Want Cash Out / Retire Projected Gross Operating Inc 330480 Projected Net Income 253559 Projected Operating Expense 60397 Projected Vacancy And Credit Loss 16524 Sq Ft Source Tax Record Terms CashCash To New LoanOwner May Carry 1StOwner May Carry 2NdSubmit Unit Number1 12 Unit Number2 4 Unit Rent Total1 21540 Unit Rent Total2 6000 Unit Rent1 1795 Unit Rent2 1500 Unit Type Apartment Zoning R-3:Restri

    Listing provided courtesy of Aare. Listing information © 2020 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101