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    2630 6th

    San Diego, CA 92103
    • $4,150,000
    • STATUS: ACTIVE
    • ON SITE: 132 Days
    • ID#: 210015749
    UPDATED: 70 min ago
    $4,150,000
    • 9
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 5,418
      SQFT
    • $766
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1993
    County:

    School Ratings & Info

    Description

    Prime Balboa Park location. Two spectacularly luxurious residential units with exceptional craftsmanship. Stunning, unobstructed views of Balboa Park, cityscape and mountains. Rare opportunity for hotel, rentals, or residence. The building is currently master leased for $19,570 per month (increasing to $20,157 on 11/7/21). The master lease expires on 11/6/22, with a 2-year option to extend through 11/6/2024. Maintain the lease or convert back to a dramatic private residence with an additional rental unit or an office suite. CC-3-9 zoning allows for commercial uses including business offices, live-work, visitor accommodations, as well as residential uses.

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/118034313
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    2630 6th San Diego, CA 92103

    • Price: $4,150,000
    • Status: ACTIVE
    • Updated: 70 min ago
    • ID#: 210015749
    9
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,418
    SQFT
    $766
    $/SQFT
    1993
    Built
    Neighborhood:
    Bankers Hill
    County:
    San Diego
    Area:
    Mission Hills (92103)
    Property Description
    Prime Balboa Park location. Two spectacularly luxurious residential units with exceptional craftsmanship. Stunning, unobstructed views of Balboa Park, cityscape and mountains. Rare opportunity for hotel, rentals, or residence. The building is currently master leased for $19,570 per month (increasing to $20,157 on 11/7/21). The master lease expires on 11/6/22, with a 2-year option to extend through 11/6/2024. Maintain the lease or convert back to a dramatic private residence with an additional rental unit or an office suite. CC-3-9 zoning allows for commercial uses including business offices, live-work, visitor accommodations, as well as residential uses.
    Exterior Features

    Exterior Stucco Fencing FullGate Parking Spaces Total Unit1 0.0 Parking Spaces Total Unit2 0.0 Parking Spaces Total Unit3 0.0 Parking Spaces Total Unit4 0.0 Roof Rolled/Hot Mop Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Units With Garages 2 Units With Patios 2

    Interior Features

    Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 3 Story Total Baths Unit1 3 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

    Property Features

    Actual Cap Rate 4.06 Age Restrictions N/K Annual Expense Actual 66200 Annual Expense Projected 66200 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Park Balboa Park West Cross Streets Maple Gross Rent Multiplier Actual 17.67 Gross Scheduled Income Actual 234840 Gross Scheduled Income Project 241886 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 175686 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.23 Sales Restrictions N/K Security Automatic Gate Short Sale No Tenant Pays SewerTrashWaterCable TvElectricityGas/PropaneHot WaterOther/Remarks Terms Conventional Unit Number For Unit1 A Unit Number For Unit2 B Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Rent Actual 11330.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Rent Actual 8240.0 Vacation Rental By Owner Yes Zoning Cc-3-9

    Listing provided courtesy of Walsh Property Group. Listing information © 2021 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 © 2021 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