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2555-2571 Crestline Drive

Lemon Grove, CA 91945
  • $2,350,000
  • STATUS: ACTIVE
  • ON SITE: 152 Days
  • ID#: 230022786
$2,350,000
  • 3
    BEDS
  • 0.66
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

2555-71 Crestline Drive is a commercial property located in a quiet residential neighborhood in Lemon Grove with 16 units situated on a 28,749 square foot lot. The 3 residential structures total 5,836 square feet including one 2 Bedroom / 1 Bath, two 1 Bedroom / 1 Baths, two studios, and eleven SRO units. There are additional large, detached storage units. The main structure has large common areas including the shared kitchen, a TV/living area, and patio space. The SRO units are located at different wings of the structure and the pods have a bathroom for each grouping of SROs for a total of 3 shared bathrooms. Five of the units are sub-metered for electric and there is solar on the property. One unit is sub-metered for water. The property has ample parking, some of which is covered. There is onsite laundry and internet provided to tenants.

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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/145405094
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2555-2571 Crestline Drive Lemon Grove, CA 91945

  • Price: $2,350,000
  • Status: ACTIVE
  • On Site: 152 Days
  • ID#: 230022786
3
Beds
3
Baths
0
½ Baths
0.66
Acres
Neighborhood:
Lemon Grove (91945)
County:
San Diego
Area:
Lemon Grove (91945)
Property Description
2555-71 Crestline Drive is a commercial property located in a quiet residential neighborhood in Lemon Grove with 16 units situated on a 28,749 square foot lot. The 3 residential structures total 5,836 square feet including one 2 Bedroom / 1 Bath, two 1 Bedroom / 1 Baths, two studios, and eleven SRO units. There are additional large, detached storage units. The main structure has large common areas including the shared kitchen, a TV/living area, and patio space. The SRO units are located at different wings of the structure and the pods have a bathroom for each grouping of SROs for a total of 3 shared bathrooms. Five of the units are sub-metered for electric and there is solar on the property. One unit is sub-metered for water. The property has ample parking, some of which is covered. There is onsite laundry and internet provided to tenants.
Interior Features

Sq Ft Of Improvement 5836

Property Features

Actual Cap Rate 5.48 Actual Gross Operating Income 216341 Actual Gross Scheduled Income 223032.0 Actual Operating Expense 87601 Actual Vacancy And Credit Loss 6691 Assumable Finance 0 Buildings 3 Gross Equity 2000000 Gross Multiplier 10.5 Have Units Mandatory Remarks None Known Market Area East County Monthly Rent Total 18586 Motive Want 1031 Projected Cap Rate 10.8 Projected Gross Multiplier 6.7 Projected Gross Operating Inc 341518 Projected Gross Scheduled Inc 352080 Projected Net Income 253917 Projected Operating Expense 87601 Projected Vacancy And Credit Loss 10562 Short Sale No Unit Number1 1 Unit Number2 2 Unit Number3 2 Unit Number4 11 Unit Rent Total1 1800 Unit Rent Total2 1550 Unit Rent Total3 2300 Unit Rent Total4 10846 Unit Rent1 1800 Unit Rent2 1775 Unit Rent3 1150 Unit Rent4 986

San Diego MLS logo Listing provided courtesy of Benn Vogelsang of NorthMarq Multifamily: 415-250-4947. 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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