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2401 E Street

San Diego, CA 92102
  • $2,200,000
  • STATUS: ACTIVE
  • ON SITE: 182 Days
  • ID#: 220024432
UPDATED: 61 min ago
$2,200,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pleased to present the E Street Apartments at 2401 E Street. The property is set slightly above street level and is within minutes of downtown. The building consists of one 2-Bed/ 1-Bath unit, one 1-Bed plus Den/ 1-Bath unit, two 1-Bed/ 1-Bath units, and two Studio/ 1-Bath units. There is a small, shared patio in the rear for tenants and a common area laundry room with a coin-operated washer and dryer. The patio is shared between the building directly behind the property but could easily become private by putting a fence up along the rear property line. Select top floor units have a view of the Coronado bridge and Downtown San Diego. The building recently underwent capital improvements including a brand NEW roof/sheeting and reinforced foundation. All units are in great condition with a mix of original fixtures, newer appliances, and hardwood or tile floors. The property is also located within a designated CA Opportunity Zone, which provides a unique tax-saving opportunity to a buyer willing to make substantial capital improvements. This is an excellent investment opportunity for either long-term or short-term rentals in an irreplaceable location!

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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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133382416
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2401 E Street San Diego, CA 92102

  • Price: $2,200,000
  • Status: ACTIVE
  • On Site: 182 Days
  • Updated: 61 min ago
  • ID#: 220024432
3
Beds
3
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego (92102)
County:
San Diego
Area:
San Diego (92102)
Property Description
Pleased to present the E Street Apartments at 2401 E Street. The property is set slightly above street level and is within minutes of downtown. The building consists of one 2-Bed/ 1-Bath unit, one 1-Bed plus Den/ 1-Bath unit, two 1-Bed/ 1-Bath units, and two Studio/ 1-Bath units. There is a small, shared patio in the rear for tenants and a common area laundry room with a coin-operated washer and dryer. The patio is shared between the building directly behind the property but could easily become private by putting a fence up along the rear property line. Select top floor units have a view of the Coronado bridge and Downtown San Diego. The building recently underwent capital improvements including a brand NEW roof/sheeting and reinforced foundation. All units are in great condition with a mix of original fixtures, newer appliances, and hardwood or tile floors. The property is also located within a designated CA Opportunity Zone, which provides a unique tax-saving opportunity to a buyer willing to make substantial capital improvements. This is an excellent investment opportunity for either long-term or short-term rentals in an irreplaceable location!
Exterior Features

Construction DrywallFrame

Interior Features

Sq Ft Of Improvement 3795

Property Features

Actual Cap Rate 3.02 Actual Gross Scheduled Income 107160.0 Actual Operating Expense 41752 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 20.53 Have Apartment Mandatory Remarks None Known Market Area Metro Central Motive Want Exchange Unit Number1 2 Unit Number2 2 Unit Number3 2 Unit Rent Total1 2530 Unit Rent Total2 2770 Unit Rent Total3 3630 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Marcus & Millichap: [IDXCONTACTINFORMATION]. Listing information © 2023 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team
516 5th Avenue
San Diego CA, 92101