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2605 Madison Ave

San Diego, CA 92116
  • $3,999,999
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: 240011670
$3,999,999
  • 3
    BEDS
  • 0.16
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Assumable Debt @ 3.19% - current balance $1,290,000. Excellent Location 92 Walk Score supports significant increase in current rents. Unit mix consists of (2) 2bedroom/2baths, and (7) XL 1bedroom/1baths. Building in Great Condition & professionally managed.

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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/150902271
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2605 Madison Ave San Diego, CA 92116

  • Price: $3,999,999
  • Status: ACTIVE
  • On Site: 29 Days
  • ID#: 240011670
3
Beds
3
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Normal Heights (92116)
County:
San Diego
Area:
Normal Heights (92116)
Property Description
Assumable Debt @ 3.19% - current balance $1,290,000. Excellent Location 92 Walk Score supports significant increase in current rents. Unit mix consists of (2) 2bedroom/2baths, and (7) XL 1bedroom/1baths. Building in Great Condition & professionally managed.
Exterior Features

Carports 4 Construction DrywallStucco Exterior Fully Landscaped Parking CarportsSpaces Parking Spaces Total 9 Roof CompositionTar & Gravel

Interior Features

Laundry Owned Sq Ft Of Improvement 6513 Stories 2 Story Unit Furnished1 No Unit Furnished2 No

Property Features

Actual Gross Scheduled Income 231216.0 Actual Operating Expense 76964 Assumable Finance 1290000 Buildings 1 Existing Financing Other/Remarks Financial Information Source OwnerOther/Remarks Gross Equity 1 Gross Multiplier 17.3 Have 9 XL units A+ location Leased Apartments 9 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 18968 Motive Want Cash / Exchange Other Income Amount 300 Other Income Source laundry Present Loan 1290000 Projected Cap Rate 5.2 Projected Cash On Cash 4.9 Projected Gross Multiplier 14 Projected Gross Scheduled Inc 282000 Sq Ft Source Tax Record Tenant Pays Electric 9 Tenant Pays Gas 9 Tenant Pays Water 0 Terms Assumable 1st Unit Number1 2 Unit Number2 7 Unit Rent Total1 4800 Unit Rent Total2 14168 Unit Rent1 2400 Unit Rent2 2024 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Jeff Diller of South Coast Commercial, Inc.: 714-474-4495. 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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The Neuman Team
516 5th Avenue
San Diego CA, 92101